1146 King Eider WayWinnabowNC28479
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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
Investment property for sale in Winnabow at 1146 King Eider Way, Winnabow, NC, 28479 listed at $355,000 pairs $2,240/mo rent with a $1,738/mo payment to leave $76/mo cash flow. Total monthly income runs $2,240/mo, and annual cash flow reaches $912/yr on $117,683 cash to close. Return on cash invested measures 20.68% in year one, and rental yield registers 7.57% at a $355,000 basis. Equity gained on principal adds $2,291/yr, and annual property appreciation at 5% supports $98,080 by year five. Five-year ROI tracks 106.86% and total cumulative return in cash totals $125,760. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,240/mo property income relative to a $1,738/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2023
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28479, Winnabow, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,104 (100%) |
| Owner Occupied HU | 2,408 (77.6%) |
| Renter Occupied HU | 479 (15.4%) |
| Vacant Housing Units | 217 ( 7.0%) |
| Median Home Value | $344,408 |
| Average Home Value | $360,289 |
Housing Distribution
Address Breakdown
Residential
3,184
Single Family
3,120
Multi-Family
64
Businesses
79
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