139 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
Rental property for sale in Harkers Island at 139 Sound Point Drive, Harkers Island, NC, 28531 generates $3,295/mo in rent, after a $3,911/mo payment. Total monthly income is $3,295/mo. Return on cash invested sits at 12.87% in year one, and rental yield is 4.95% on a $799,000 entry. Equity gained on principal adds $5,156/yr, while 5% annual appreciation builds toward $220,749 over five years. Five-year ROI reaches 64.95% and total cumulative return in cash sums $170,742. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,295/mo property income rather than buyer’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: Jo Ann W Mangum • Eddy Myers Real Estate
Mls Name: Hive MLS
Mls ID: #100551670