1626 Sandpiper Rd LOT 11CorollaNC27927
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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 Corolla at 1626 Sandpiper Rd LOT 11, Corolla, NC, 27927 generates $7,452/mo in rent and, after a $3,911/mo payment, leaves $2,582/mo in cash flow. Total monthly income is $7,452/mo, and annual cash flow is $30,986/yr on $262,871 invested. Return on cash invested sits at 31.85% in year one, and rental yield is 11.19% 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 166.72% and total cumulative return in cash sums $438,246. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $7,452/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27927, Corolla, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,285 (100%) |
| Owner Occupied HU | 683 (12.9%) |
| Renter Occupied HU | 91 ( 1.7%) |
| Vacant Housing Units | 4,511 (85.4%) |
| Median Home Value | $612,374 |
| Average Home Value | $647,445 |
Housing Distribution
Address Breakdown
Residential
800
Single Family
799
Multi-Family
1
Businesses
148
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Listed by: Leonard Cusato • Keller Williams - Outer Banks
Mls Name: OBAR
Mls ID: #131270