1998 Indigo Cove WayCalabashNC28467
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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
Rental property for sale in Calabash at 1998 Indigo Cove Way, Calabash, NC, 28467 generates $2,520/mo in rent, after a $4,233/mo payment. Total monthly income is $2,520/mo. Return on cash invested sits at 8.46% in year one, and rental yield is 3.5% on a $864,900 entry. Equity gained on principal adds $5,581/yr, while 5% annual appreciation builds toward $238,956 over five years. Five-year ROI reaches 41.29% and total cumulative return in cash sums $117,500. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,520/mo property income rather than buyer’s personal income.
Single Family
Built in 2026
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28467, Calabash, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,292 (100%) |
| Owner Occupied HU | 6,592 (70.9%) |
| Renter Occupied HU | 687 ( 7.4%) |
| Vacant Housing Units | 2,013 (21.7%) |
| Median Home Value | $327,364 |
| Average Home Value | $376,740 |
Housing Distribution
Address Breakdown
Residential
8,714
Single Family
8,225
Multi-Family
489
Businesses
254
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Listed by: Scott Ellis & Ty Bellamy Team • RE/MAX Southern Shores NMB
Mls Name: CCAR
Mls ID: #2601173