2058 Bay Dr LOT 324Kill 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
Total monthly income runs $3,540/mo, and a $5,824/mo payment. Purchase price stands at $1,190,000, and rental yield measures 3.57% with $3,540/mo rent. Return on cash invested shows 8.82% in year one, and 5% annual appreciation builds toward $328,775 over five years. Five-year ROI reaches 43.13% and total cumulative return in cash records $166,288. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,540/mo property income covering a $5,824/mo payment rather than investor’s personal income.
Single Family
Built in 2004
6,969 sqft 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: Beth Dobney Garcia • Coldwell Banker Seaside Realty KH
Mls Name: OBAR
Mls ID: #130651