122 Gables Way #9AKitty HawkNC27949
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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 Kitty Hawk at 122 Gables Way #9A, Kitty Hawk, NC, 27949 uses $159,120 cash to close to unlock $2,724/yr annual cash flow and $227/mo monthly cash flow. Total monthly income runs $3,152/mo, and a $2,349/mo payment keeps the spread at $227/mo. Purchase price stands at $479,999, and rental yield measures 7.88% with $3,152/mo rent. Return on cash invested shows 21.62% in year one, and 5% annual appreciation builds toward $132,615 over five years. Five-year ROI reaches 111.89% and total cumulative return in cash records $178,036. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,152/mo property income covering a $2,349/mo payment rather than investor’s personal income.
Townhouse
Built in 2003
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27949, Kitty Hawk, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,943 (100%) |
| Owner Occupied HU | 3,354 (37.5%) |
| Renter Occupied HU | 513 ( 5.7%) |
| Vacant Housing Units | 5,076 (56.8%) |
| Median Home Value | $609,479 |
| Average Home Value | $682,932 |
Housing Distribution
Address Breakdown
Residential
4,417
Single Family
4,102
Multi-Family
315
Businesses
624
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Listed by: Heather T Vandermyde • Coldwell Banker Seaside Realty - KDH
Mls Name: OBAR
Mls ID: #130777