118 Parkers Landing Dr LOT 28Pt HarborNC27964
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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 Pt Harbor at 118 Parkers Landing Dr LOT 28, Pt Harbor, NC, 27964 generates $3,600/mo in rent and, after a $2,325/mo payment, leaves $705/mo in cash flow. Total monthly income is $3,600/mo, and annual cash flow is $8,460/yr on $157,463 invested. Return on cash invested sits at 25.28% in year one, and rental yield is 9.09% on a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation builds toward $131,234 over five years. Five-year ROI reaches 131.51% and total cumulative return in cash sums $207,079. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,600/mo property income rather than buyer’s personal income.
Single Family
Built in 1995
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27964, Point Harbor, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3 (100%) |
| Owner Occupied HU | 1 (33.3%) |
| Renter Occupied HU | 2 (66.7%) |
| Vacant Housing Units | 0 |
| Median Home Value | $350,000 |
| Average Home Value | $350,000 |
Housing Distribution
Address Breakdown
Residential
203
Single Family
203
Multi-Family
0
Businesses
78
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Listed by: Pamela G Riddick • Keller Williams - Outer Banks
Mls Name: OBAR
Mls Provider:
Mls ID: #127339
Disclaimer: 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. Information is deemed reliable but not guaranteed.