2106 Ocean DriveEmerald IsleNC28594
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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 Emerald Isle at 2106 Ocean Drive, Emerald Isle, NC, 28594 generates $3,038/mo in rent, after a $5,139/mo payment. Total monthly income is $3,038/mo. Return on cash invested sits at 8.51% in year one, and rental yield is 3.47% on a $1,050,000 entry. Equity gained on principal adds $6,775/yr, while 5% annual appreciation builds toward $290,096 over five years. Five-year ROI reaches 41.5% and total cumulative return in cash sums $141,197. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,038/mo property income rather than buyer’s personal income.
Single Family
Built in 1979
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28594, Emerald Isle, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,083 (100%) |
| Owner Occupied HU | 1,611 (22.7%) |
| Renter Occupied HU | 300 ( 4.2%) |
| Vacant Housing Units | 5,172 (73.0%) |
| Median Home Value | $654,716 |
| Average Home Value | $686,816 |
Housing Distribution
Address Breakdown
Residential
2,858
Single Family
2,858
Multi-Family
0
Businesses
282
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Listed by: Carey Otto • Keller Williams Crystal Coast
Mls Name: Hive MLS
Mls ID: #100543368