120 Florita Lane, Cape Carteret, NC, 28584 | $311/mo Cash Flow

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

Investment property for sale in Cape Carteret at 120 Florita Lane, Cape Carteret, NC, 28584 offers a 8.31% rental yield on a $375,000 purchase with $2,596/mo rent. Total monthly income registers $2,596/mo, and a $1,835/mo payment leaves $311/mo available for distribution. Annual cash flow reaches $3,732/yr on $124,313 to close, and return on cash invested stands at 22.91% in year one. Equity gained on principal adds $2,420/yr while 5% annual appreciation supports $103,606 over five years. Portfolio math shows five-year ROI at 118.8% and total cumulative return in cash at $147,687. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,596/mo property income against a $1,835/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1985

0.47 Acres lot

$N/A/sqft

No HOA