127 Sound Point DriveHarkers IslandNC28531
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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
Total monthly income runs $3,212/mo, and a $4,283/mo payment. Purchase price stands at $875,000, and rental yield measures 4.41% with $3,212/mo rent. Return on cash invested shows 11.22% in year one, and 5% annual appreciation builds toward $241,746 over five years. Five-year ROI reaches 56.07% and total cumulative return in cash records $161,423. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,212/mo property income covering a $4,283/mo payment rather than investor’s personal income.
Single Family
Built in 2018
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28531, Harkers Island, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,225 (100%) |
| Owner Occupied HU | 484 (39.5%) |
| Renter Occupied HU | 78 ( 6.4%) |
| Vacant Housing Units | 663 (54.1%) |
| Median Home Value | $328,472 |
| Average Home Value | $381,674 |
Housing Distribution
Address Breakdown
Residential
546
Single Family
546
Multi-Family
0
Businesses
40
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Listed by: RuthAnn S. Sluss • John Vesco Inc.
Mls Name: Hive MLS
Mls ID: #100547255