123 S Water St LOT 14 & 15Pt 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 123 S Water St LOT 14 & 15, Pt Harbor, NC, 27964 generates $2,200/mo in rent, after a $2,447/mo payment. Total monthly income is $2,200/mo. Return on cash invested sits at 13.78% in year one, and rental yield is 5.28% on a $499,999 entry. Equity gained on principal adds $3,226/yr, while 5% annual appreciation builds toward $138,141 over five years. Five-year ROI reaches 69.83% and total cumulative return in cash sums $115,735. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,200/mo property income rather than buyer’s personal income.
Single Family
Built in 1953
0.32 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: Brook R Sparks • Coldwell Banker Seaside Realty KH
Mls Name: OBAR
Mls Provider:
Mls ID: #126851
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.