118 Lake Avenue #303, Morehead City, NC, 28557 | 5.25% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Morehead City at 118 Lake Avenue #303, Morehead City, NC, 28557 generates $1,836/mo in rent, after a $2,056/mo payment. Total monthly income is $1,836/mo. Return on cash invested sits at 13.67% in year one, and rental yield is 5.25% on a $420,000 entry. Equity gained on principal adds $2,710/yr, while 5% annual appreciation builds toward $116,038 over five years. Five-year ROI reaches 69.25% and total cumulative return in cash sums $96,415. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,836/mo property income rather than buyer’s personal income.

Condo

Built in 1980

N/A lot

$N/A/sqft

No HOA