1197 Clariday Road SWCalabashNC28467
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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 Calabash at 1197 Clariday Road SW, Calabash, NC, 28467 offers a 11.25% rental yield on a $269,000 purchase with $2,521/mo rent. Total monthly income registers $2,521/mo, and a $1,317/mo payment leaves $881/mo available for distribution. Annual cash flow reaches $10,574/yr on $89,174 to close, and return on cash invested stands at 31.77% in year one. Equity gained on principal adds $1,736/yr while 5% annual appreciation supports $74,320 over five years. Portfolio math shows five-year ROI at 166.35% and total cumulative return in cash at $148,343. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,521/mo property income against a $1,317/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28467, Calabash, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,292 (100%) |
| Owner Occupied HU | 6,592 (70.9%) |
| Renter Occupied HU | 687 ( 7.4%) |
| Vacant Housing Units | 2,013 (21.7%) |
| Median Home Value | $327,364 |
| Average Home Value | $376,740 |
Housing Distribution
Address Breakdown
Residential
8,714
Single Family
8,225
Multi-Family
489
Businesses
254
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Listed by: Stephanie M Reeves • Coldwell Banker Sloane Realty OIB
Mls Name: Hive MLS
Mls ID: #100529726