200 Gateway Condos Drive UNIT 210Surf CityNC28445
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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 Surf City at 200 Gateway Condos Drive UNIT 210, Surf City, NC, 28445 earns $305/mo cash flow from $2,532/mo rent with a $1,468/mo payment. Total monthly income totals $2,532/mo, and annual cash flow totals $3,661/yr on $99,417 capital. ROI tracks 23.59% on current figures, and rental yield reads 10.13% at a $299,900 purchase. Equity gained on principal adds $1,935/yr, and 5% annual appreciation supports $82,857 over five years. Five-year ROI reaches 124.26% and total cumulative return in cash sums $123,532. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,532/mo property income instead of your personal income.
Condo
Built in 2007
N/A lot
$N/A/sqft
$4,788 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28445, Holly Ridge, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,156 (100%) |
| Owner Occupied HU | 4,002 (39.4%) |
| Renter Occupied HU | 1,043 (10.3%) |
| Vacant Housing Units | 5,111 (50.3%) |
| Median Home Value | $376,587 |
| Average Home Value | $435,780 |
Housing Distribution
Address Breakdown
Residential
6,217
Single Family
6,134
Multi-Family
83
Businesses
499
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Listed by: Shelly W Wagner • Wicker Properties of the Carolinas, Inc.
Mls Name: Hive MLS
Mls Provider:
Mls ID: #100485432
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 2025-02-21 17:59:37 PST. 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. 2025-02-21 17:59:37 PST Hive MLS