1550 Salter Path Road #103Indian 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
Rental property for sale in Indian Beach at 1550 Salter Path Road #103, Indian Beach, NC, 28512 generates $3,829/mo in rent and, after a $2,863/mo payment, leaves $264/mo in cash flow. Total monthly income is $3,829/mo, and annual cash flow is $3,168/yr on $192,465 invested. Return on cash invested sits at 21.71% in year one, and rental yield is 7.85% on a $585,000 entry. Equity gained on principal adds $3,775/yr, while 5% annual appreciation builds toward $161,625 over five years. Five-year ROI reaches 112.31% and total cumulative return in cash sums $216,162. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,829/mo property income rather than buyer’s personal income.
Condo
Built in 2007
N/A 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: Rob & Katie Team • Advantage Coastal Properties
Mls Name: Hive MLS
Mls ID: #100526832