209 N Channel DrWrightsville BeachNC28480
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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 Wrightsville Beach at 209 N Channel Dr, Wrightsville Beach, NC, 28480 priced at $1,790,000 pairs $4,319/mo rent with after a $8,761/mo payment. Total monthly income equals $4,319/mo. Return on cash invested is 6.73% in year one, and rental yield stands at 2.9% on a $1,790,000 basis. Equity gained on principal adds $11,551/yr, and 5% annual appreciation accumulates to $494,544 by year five. Five-year ROI measures 31.96% and total cumulative return in cash reaches $185,380. For financing, Ziffy Mortgage’s DSCR program evaluates $4,319/mo property income against a $8,761/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1939
4,000 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28480, Wrightsville Beach, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,780 (100%) |
| Owner Occupied HU | 797 (28.7%) |
| Renter Occupied HU | 393 (14.1%) |
| Vacant Housing Units | 1,590 (57.2%) |
| Median Home Value | $1,062,500 |
| Average Home Value | $1,205,405 |
Housing Distribution
Address Breakdown
Residential
1,806
Single Family
1,604
Multi-Family
202
Businesses
481
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Listed by: N/A • N/A
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