210 W Kitty Hawk RdKitty HawkNC27949
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Kitty Hawk at 210 W Kitty Hawk Rd, Kitty Hawk, NC, 27949 offers a 9.56% rental yield on a $304,999 purchase with $2,429/mo rent. Total monthly income registers $2,429/mo, and a $1,493/mo payment leaves $570/mo available for distribution. Annual cash flow reaches $6,840/yr on $101,107 to close, and return on cash invested stands at 26.67% in year one. Equity gained on principal adds $1,968/yr while 5% annual appreciation supports $84,266 over five years. Portfolio math shows five-year ROI at 138.98% and total cumulative return in cash at $140,517. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,429/mo property income against a $1,493/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27949, Kitty Hawk, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,943 (100%) |
| Owner Occupied HU | 3,354 (37.5%) |
| Renter Occupied HU | 513 ( 5.7%) |
| Vacant Housing Units | 5,076 (56.8%) |
| Median Home Value | $609,479 |
| Average Home Value | $682,932 |
Housing Distribution
Address Breakdown
Residential
4,417
Single Family
4,102
Multi-Family
315
Businesses
624
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michael K Reed • Real Broker, LLC
Mls Name: OBAR
Mls ID: #130818