1904 E Fort Macon Rd #240Atlantic 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
Investment property for sale in Atlantic Beach at 1904 E Fort Macon Rd #240, Atlantic Beach, NC, 28512 uses $94,478 cash to close to unlock $4,836/yr annual cash flow and $403/mo monthly cash flow. Total monthly income runs $2,140/mo, and a $1,395/mo payment keeps the spread at $403/mo. Purchase price stands at $285,000, and rental yield measures 9.01% with $2,140/mo rent. Return on cash invested shows 25.03% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 130.16% and total cumulative return in cash records $122,970. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,140/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Apartment
Built in 1982
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: N/A • N/A
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