1806 Creek St LOT 13Kill Devil HillsNC27948
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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 Kill Devil Hills at 1806 Creek St LOT 13, Kill Devil Hills, NC, 27948 uses $157,463 cash to close to unlock $4,056/yr annual cash flow and $338/mo monthly cash flow. Total monthly income runs $3,233/mo, and a $2,325/mo payment keeps the spread at $338/mo. Purchase price stands at $475,000, and rental yield measures 8.17% with $3,233/mo rent. Return on cash invested shows 22.48% in year one, and 5% annual appreciation builds toward $131,234 over five years. Five-year ROI reaches 116.51% and total cumulative return in cash records $183,463. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,233/mo property income covering a $2,325/mo payment rather than investor’s personal income.
Manufactured
Built in 1979
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27948, Kill Devil Hills, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,396 (100%) |
| Owner Occupied HU | 4,212 (40.5%) |
| Renter Occupied HU | 1,474 (14.2%) |
| Vacant Housing Units | 4,710 (45.3%) |
| Median Home Value | $412,266 |
| Average Home Value | $464,955 |
Housing Distribution
Address Breakdown
Residential
6,568
Single Family
6,568
Multi-Family
0
Businesses
538
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Listed by: Caroline S Basnight • Basnight Realty
Mls Name: OBAR
Mls ID: #131269