1509 Carolina Beach Ave N #E-2Carolina BeachNC28428
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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
Investment property for sale in Carolina Beach at 1509 Carolina Beach Ave N #E-2, Carolina Beach, NC, 28428 earns $483/mo cash flow from $3,226/mo rent with a $2,203/mo payment. Total monthly income totals $3,226/mo, and annual cash flow totals $5,796/yr on $149,175 capital. ROI tracks 23.79% on current figures, and rental yield reads 8.6% at a $450,000 purchase. Equity gained on principal adds $2,904/yr, and 5% annual appreciation supports $124,327 over five years. Five-year ROI reaches 123.55% and total cumulative return in cash sums $184,302. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,226/mo property income instead of your personal income.
Condo
Built in 1984
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28428, Carolina Beach, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,919 (100%) |
| Owner Occupied HU | 2,515 (42.5%) |
| Renter Occupied HU | 796 (13.4%) |
| Vacant Housing Units | 2,608 (44.1%) |
| Median Home Value | $554,706 |
| Average Home Value | $662,894 |
Housing Distribution
Address Breakdown
Residential
4,840
Single Family
3,327
Multi-Family
1,513
Businesses
447
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Listed by: Andy Harrell • Carolina Living Associates LLC
Mls Name: Doorify MLS
Mls ID: #10140931