204 Lakeshore DriveLake WaccamawNC28450
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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 Lake Waccamaw at 204 Lakeshore Drive, Lake Waccamaw, NC, 28450 at $469,000 posts ROI 8.12% with from $1,332/mo rent. Total monthly income equals $1,332/mo. Return on cash invested measures 8.12% and rental yield reads 3.41% at the current $469,000. Equity gained on principal adds $3,026/yr, and 5% annual appreciation supports $129,576 by year five. Five-year ROI prints 39.55% and total cumulative return in cash totals $61,495. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,332/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1921
0.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28450, Lake Waccamaw, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,328 (100%) |
| Owner Occupied HU | 657 (49.5%) |
| Renter Occupied HU | 200 (15.1%) |
| Vacant Housing Units | 471 (35.5%) |
| Median Home Value | $336,389 |
| Average Home Value | $348,843 |
Housing Distribution
Address Breakdown
Residential
1,044
Single Family
1,044
Multi-Family
0
Businesses
57
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Listed by: Sean T Skutnik • Coldwell Banker Sea Coast Advantage-Leland
Mls Name: Hive MLS
Mls ID: #100538504