1129 Bennett Road Unit 1aMinnesott BeachNC28510
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Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Rental property for sale in Minnesott Beach at 1129 Bennett Road Unit 1a, Minnesott Beach, NC, 28510 generates $3,286/mo in rent and, after a $1,806/mo payment, leaves $660/mo in cash flow. Total monthly income is $3,286/mo, and annual cash flow is $7,922/yr on $122,324 invested. Return on cash invested sits at 26.39% in year one, and rental yield is 10.69% on a $369,000 entry. Equity gained on principal adds $2,381/yr, while 5% annual appreciation builds toward $101,948 over five years. Five-year ROI reaches 138.81% and total cumulative return in cash sums $169,803. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,286/mo property income rather than buyer’s personal income.
Condo
Built in 2007
871.20 sqft lot
$N/A/sqft
$4,524 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28510, Arapahoe, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,002 (100%) |
| Owner Occupied HU | 612 (61.1%) |
| Renter Occupied HU | 110 (11.0%) |
| Vacant Housing Units | 280 (27.9%) |
| Median Home Value | $341,573 |
| Average Home Value | $361,172 |
Housing Distribution
Address Breakdown
Residential
869
Single Family
869
Multi-Family
0
Businesses
33
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Listed by: Deborah King • King Realty
Mls Name: Hive MLS
Mls Provider:
Mls ID: #100456742
Disclaimer: The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS, and is updated as of 2025-02-22 17:35:22 PST. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Zillow, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 2025-02-22 17:35:22 PST Hive MLS