2182 New River Inlet Road Unit 274North Topsail BeachNC28460
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 North Topsail Beach at 2182 New River Inlet Road Unit 274, North Topsail Beach, NC, 28460 offers a 8.9% rental yield on a $157,900 purchase with $1,171/mo rent. Total monthly income registers $1,171/mo, and a $773/mo payment leaves $209/mo available for distribution. Annual cash flow reaches $2,502/yr on $52,344 to close, and return on cash invested stands at 24.69% in year one. Equity gained on principal adds $1,019/yr while 5% annual appreciation supports $43,625 over five years. Portfolio math shows five-year ROI at 128.39% and total cumulative return in cash at $67,202. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,171/mo property income against a $773/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1981
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28460, Sneads Ferry, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,167 (100%) |
| Owner Occupied HU | 4,456 (43.8%) |
| Renter Occupied HU | 1,736 (17.1%) |
| Vacant Housing Units | 3,975 (39.1%) |
| Median Home Value | $345,363 |
| Average Home Value | $372,482 |
Housing Distribution
Address Breakdown
Residential
7,684
Single Family
6,998
Multi-Family
686
Businesses
379
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: The Nilsen Team • eXp Realty
Mls Name: Hive MLS
Mls ID: #100548603