167 Delaware AvenueCarolina 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
Rental property for sale in Carolina Beach at 167 Delaware Avenue, Carolina Beach, NC, 28428 priced at $495,000 converts $2,170/mo rent into after a $2,423/mo obligation. Total monthly income equals $2,170/mo. Return on cash invested prints 13.71% in year one, and rental yield reads 5.26% against a $495,000 entry. Equity gained on principal adds $3,194/yr, while 5% annual appreciation compiles into $136,759 by year five. Five-year ROI reaches 69.49% and total cumulative return in cash sums $114,034. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,170/mo property income covering a $2,423/mo payment, not borrower’s personal income.
Single Family
Built in 1963
7,405 sqft 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: Cory R Ellis • eXp Realty
Mls Name: Hive MLS
Mls ID: #100542619