220 Caswell Beach RoadOak IslandNC28465
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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 Oak Island at 220 Caswell Beach Road, Oak Island, NC, 28465 at $1,985,000 posts ROI 7.75% with from $5,332/mo rent. Total monthly income equals $5,332/mo. Return on cash invested measures 7.75% and rental yield reads 3.22% at the current $1,985,000. Equity gained on principal adds $12,809/yr, and 5% annual appreciation supports $548,419 by year five. Five-year ROI prints 37.39% and total cumulative return in cash totals $240,458. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,332/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2007
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28465, Oak Island, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,067 (100%) |
| Owner Occupied HU | 3,853 (34.8%) |
| Renter Occupied HU | 667 ( 6.0%) |
| Vacant Housing Units | 6,547 (59.2%) |
| Median Home Value | $508,650 |
| Average Home Value | $583,332 |
Housing Distribution
Address Breakdown
Residential
7,254
Single Family
7,254
Multi-Family
0
Businesses
267
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Listed by: Kathy Ross • Palm Realty, Inc.
Mls Name: Hive MLS
Mls ID: #100544368