203A S Virginia Dare Trl Lot BKill 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
Rental property for sale in Kill Devil Hills at 203A S Virginia Dare Trl Lot B, Kill Devil Hills, NC, 27948 priced at $1,573,000 pairs $3,540/mo rent with after a $7,699/mo payment. Total monthly income equals $3,540/mo. Return on cash invested is 6.13% in year one, and rental yield stands at 2.7% on a $1,573,000 basis. Equity gained on principal adds $10,150/yr, and 5% annual appreciation accumulates to $434,591 by year five. Five-year ROI measures 28.74% and total cumulative return in cash reaches $146,494. For financing, Ziffy Mortgage’s DSCR program evaluates $3,540/mo property income against a $7,699/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1940
0.37 Acres 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: Shelley W O'Grady • Joe Lamb, Realty
Mls Name: OBAR
Mls ID: #131627