1977 Colington RdKill 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 1977 Colington Rd, Kill Devil Hills, NC, 27948 offers a 8.03% rental yield on a $200,000 purchase with $1,338/mo rent. Total monthly income registers $1,338/mo, and a $979/mo payment leaves $89/mo available for distribution. Annual cash flow reaches $1,068/yr on $66,300 to close, and return on cash invested stands at 21.52% in year one. Equity gained on principal adds $1,291/yr while 5% annual appreciation supports $55,256 over five years. Portfolio math shows five-year ROI at 111.52% and total cumulative return in cash at $73,940. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,338/mo property income against a $979/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1985
7,000 sqft lot
$N/A/sqft
$30 monthly 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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Nearby investment properties with comparable prices
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