2087 Locust Ridge Dr. Lot 415- Kerry BShallotteNC28470
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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 2087 Locust Ridge Dr. Lot 415- Kerry B, Shallotte, NC, 28470 uses $97,905 cash to close to unlock $4,303/yr annual cash flow and $359/mo monthly cash flow. Total monthly income runs $2,159/mo, and a $1,446/mo payment keeps the spread at $359/mo. Purchase price stands at $295,340, and rental yield measures 8.77% with $2,159/mo rent. Return on cash invested shows 24.3% in year one, and 5% annual appreciation builds toward $81,597 over five years. Five-year ROI reaches 126.32% and total cumulative return in cash records $123,673. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,159/mo property income covering a $1,446/mo payment rather than investor’s 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: #2522242