1530 Salter Path Rd #59Atlantic BeachNC28512
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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 $1,687/mo, and a $3,108/mo payment. Purchase price stands at $635,000, and rental yield measures 3.19% with $1,687/mo rent. Return on cash invested shows 7.52% in year one, and 5% annual appreciation builds toward $175,439 over five years. Five-year ROI reaches 36.24% and total cumulative return in cash records $75,716. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,687/mo property income covering a $3,108/mo payment rather than investor’s personal income.
Single Family
Built in 2002
5,400 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28512, Atlantic Beach, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,327 (100%) |
| Owner Occupied HU | 1,359 (16.3%) |
| Renter Occupied HU | 301 ( 3.6%) |
| Vacant Housing Units | 6,667 (80.1%) |
| Median Home Value | $594,019 |
| Average Home Value | $664,937 |
Housing Distribution
Address Breakdown
Residential
2,525
Single Family
2,370
Multi-Family
155
Businesses
230
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Listed by: N/A • N/A
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Mls ID: #N/A