188 Kilmarlic Club Dr LOT 111Powells PtNC27966
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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 Powells Pt at 188 Kilmarlic Club Dr LOT 111, Powells Pt, NC, 27966 listed at $640,000 pairs $4,240/mo rent with a $3,132/mo payment to leave $340/mo cash flow. Total monthly income runs $4,240/mo, and annual cash flow reaches $4,080/yr on $210,560 cash to close. Return on cash invested measures 22% in year one, and rental yield registers 7.95% at a $640,000 basis. Equity gained on principal adds $4,130/yr, and annual property appreciation at 5% supports $176,820 by year five. Five-year ROI tracks 113.87% and total cumulative return in cash totals $239,766. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,240/mo property income relative to a $3,132/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2005
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27966, Powells Point, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 702 (100%) |
| Owner Occupied HU | 468 (66.7%) |
| Renter Occupied HU | 136 (19.4%) |
| Vacant Housing Units | 98 (14.0%) |
| Median Home Value | $364,557 |
| Average Home Value | $379,012 |
Housing Distribution
Address Breakdown
Residential
487
Single Family
487
Multi-Family
0
Businesses
97
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Listed by: Jennifer L Roughton Duncan • Inner Banks Real Estate Group Inc
Mls Name: OBAR
Mls Provider:
Mls ID: #127106
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.