2075 Locust Ridge Dr.ShallotteNC28470
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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 Shallotte at 2075 Locust Ridge Dr, Shallotte, NC, 28470 earns from $1,859/mo rent with a $1,583/mo payment. Total monthly income totals $1,859/mo. ROI tracks 18.65% on current figures, and rental yield reads 6.9% at a $323,340 purchase. Equity gained on principal adds $2,086/yr, and 5% annual appreciation supports $89,333 over five years. Five-year ROI reaches 95.97% and total cumulative return in cash sums $102,872. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,859/mo property income instead of your personal income.
Single Family
Built in 2025
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28470, Shallotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,617 (100%) |
| Owner Occupied HU | 4,007 (60.6%) |
| Renter Occupied HU | 1,389 (21.0%) |
| Vacant Housing Units | 1,221 (18.5%) |
| Median Home Value | $340,677 |
| Average Home Value | $400,276 |
Housing Distribution
Address Breakdown
Residential
5,698
Single Family
5,360
Multi-Family
338
Businesses
491
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Listed by: Renee Brown • DR Horton
Mls Name: CCAR
Mls ID: #2523234