132 Reeves StreetNorth Topsail BeachNC28460
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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 North Topsail Beach at 132 Reeves Street, North Topsail Beach, NC, 28460 priced at $845,000 pairs $3,899/mo rent with after a $4,136/mo payment. Total monthly income equals $3,899/mo. Return on cash invested is 14.66% in year one, and rental yield stands at 5.54% on a $845,000 basis. Equity gained on principal adds $5,453/yr, and 5% annual appreciation accumulates to $233,458 by year five. Five-year ROI measures 74.53% and total cumulative return in cash reaches $207,192. For financing, Ziffy Mortgage’s DSCR program evaluates $3,899/mo property income against a $4,136/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2005
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28460, Sneads Ferry, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,167 (100%) |
| Owner Occupied HU | 4,456 (43.8%) |
| Renter Occupied HU | 1,736 (17.1%) |
| Vacant Housing Units | 3,975 (39.1%) |
| Median Home Value | $345,363 |
| Average Home Value | $372,482 |
Housing Distribution
Address Breakdown
Residential
7,684
Single Family
6,998
Multi-Family
686
Businesses
379
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Listed by: Kristen M Downing • RE/MAX Executive
Mls Name: Hive MLS
Mls ID: #100533644