2023 Hampton St LOT 1120Kill 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 2023 Hampton St LOT 1120, Kill Devil Hills, NC, 27948 uses $149,009 cash to close to unlock $2,623/yr annual cash flow and $219/mo monthly cash flow. Total monthly income runs $2,958/mo, and a $2,200/mo payment keeps the spread at $219/mo. Purchase price stands at $449,500, and rental yield measures 7.9% with $2,958/mo rent. Return on cash invested shows 21.67% in year one, and 5% annual appreciation builds toward $124,189 over five years. Five-year ROI reaches 112.17% and total cumulative return in cash records $167,141. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,958/mo property income covering a $2,200/mo payment rather than investor’s personal income.
Single Family
Built in 1972
N/A lot
$N/A/sqft
No 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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Listed by: Danielle Taylor • Keller Williams - Outer Banks
Mls Name: OBAR
Mls Provider:
Mls ID: #127507
Disclaimer: 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. Information is deemed reliable but not guaranteed.