15 Turtle Cove DrWhite LakeNC28337
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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 White Lake at 15 Turtle Cove Dr, White Lake, NC, 28337 priced at $1,150,000 converts $2,868/mo rent into after a $5,629/mo obligation. Total monthly income equals $2,868/mo. Return on cash invested prints 6.97% in year one, and rental yield reads 2.99% against a $1,150,000 entry. Equity gained on principal adds $7,421/yr, while 5% annual appreciation compiles into $317,724 by year five. Five-year ROI reaches 33.24% and total cumulative return in cash sums $123,861. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,868/mo property income covering a $5,629/mo payment, not borrower’s personal income.
Single Family
Built in 1993
N/A lot
$N/A/sqft
$250 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28337, Elizabethtown, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,345 (100%) |
| Owner Occupied HU | 2,624 (49.1%) |
| Renter Occupied HU | 1,358 (25.4%) |
| Vacant Housing Units | 1,363 (25.5%) |
| Median Home Value | $234,913 |
| Average Home Value | $263,846 |
Housing Distribution
Address Breakdown
Residential
4,199
Single Family
4,078
Multi-Family
121
Businesses
476
Nearby investment properties with comparable rents
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Listed by: KENNETH REGISTER • GLOBAL REALTY LLC
Mls Name: LPRMLS
Mls Provider:
Mls ID: #747037
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.