1912 E Pelican DriveOak IslandNC28465
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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 Oak Island at 1912 E Pelican Drive, Oak Island, NC, 28465 at $995,000 posts ROI 8.23% with from $2,838/mo rent. Total monthly income equals $2,838/mo. Return on cash invested measures 8.23% and rental yield reads 3.42% at the current $995,000. Equity gained on principal adds $6,421/yr, and 5% annual appreciation supports $274,900 by year five. Five-year ROI prints 40.07% and total cumulative return in cash totals $131,178. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,838/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2000
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28465, Oak Island, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,067 (100%) |
| Owner Occupied HU | 3,853 (34.8%) |
| Renter Occupied HU | 667 ( 6.0%) |
| Vacant Housing Units | 6,547 (59.2%) |
| Median Home Value | $508,650 |
| Average Home Value | $583,332 |
Housing Distribution
Address Breakdown
Residential
7,254
Single Family
7,254
Multi-Family
0
Businesses
267
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Listed by: Gerald Seddon • exp Realty
Mls Name: Hive MLS
Mls Provider:
Mls ID: #100468561
Disclaimer: The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS, and is updated as of 2024-10-17 08:18:46 PDT. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Zillow, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. 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. 2024-10-17 08:18:46 PDT Hive MLS