200 Virginia Ave #203DCarolina BeachNC28428
INVESTMENT ANALYSIS
Investment Verdict
Solid Income200 Virginia Ave #203D, Carolina Beach, NC, 28428 in Carolina Beach is a solid income-producing rental, 8.01% gross yield, $2,520/mo rent, $219/mo net cash flow on a $377,500 buy. DSCR 1.48 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $104,296 and $3,477/yr in principal reduction project a total cumulative return of $157,117.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8% | 6.2% |
| Monthly Cash Flow | $219 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,520 |
| Total Monthly Debt Service | $2,150 |
| DSCR Ratio | 1.17x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28428, Carolina Beach, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,919 (100%) |
| Owner Occupied HU | 2,515 (42.5%) |
| Renter Occupied HU | 796 (13.4%) |
| Vacant Housing Units | 2,608 (44.1%) |
| Median Home Value | $554,706 |
| Average Home Value | $662,894 |
Housing Distribution
Address Breakdown
Residential
4,840
Single Family
3,327
Multi-Family
1,513
Businesses
447
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28428, Carolina Beach, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,919 (100%) |
| Owner Occupied HU | 2,515 (42.5%) |
| Renter Occupied HU | 796 (13.4%) |
| Vacant Housing Units | 2,608 (44.1%) |
| Median Home Value | $554,706 |
| Average Home Value | $662,894 |
Housing Distribution
Address Breakdown
Residential
4,840
Single Family
3,327
Multi-Family
1,513
Businesses
447
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: BHHS broker feed
Mls ID: #100517800