2206 Sandpiper Rd LOT 10CorollaNC27927
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 Corolla at 2206 Sandpiper Rd LOT 10, Corolla, NC, 27927 listed at $1,185,000 pairs $5,208/mo rent with a $5,800/mo payment. Total monthly income runs $5,208/mo. Return on cash invested measures 14.08% in year one, and rental yield registers 5.27% at a $1,185,000 basis. Equity gained on principal adds $7,647/yr, and annual property appreciation at 5% supports $327,394 by year five. Five-year ROI tracks 71.33% and total cumulative return in cash totals $273,846. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $5,208/mo property income relative to a $5,800/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2023
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27927, Corolla, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,285 (100%) |
| Owner Occupied HU | 683 (12.9%) |
| Renter Occupied HU | 91 ( 1.7%) |
| Vacant Housing Units | 4,511 (85.4%) |
| Median Home Value | $612,374 |
| Average Home Value | $647,445 |
Housing Distribution
Address Breakdown
Residential
800
Single Family
799
Multi-Family
1
Businesses
148
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Ronda L Galko • Howard Hanna - Great Bridge
Mls Name: OBAR
Mls ID: #130865