2224 New River Inlet Road Unit 338North Topsail BeachNC28460
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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 North Topsail Beach at 2224 New River Inlet Road Unit 338, North Topsail Beach, NC, 28460 listed at $157,900 pairs $1,164/mo rent with a $773/mo payment to leave $202/mo cash flow. Total monthly income runs $1,164/mo, and annual cash flow reaches $2,418/yr on $52,344 cash to close. Return on cash invested measures 24.53% in year one, and rental yield registers 8.85% at a $157,900 basis. Equity gained on principal adds $1,019/yr, and annual property appreciation at 5% supports $43,625 by year five. Five-year ROI tracks 127.56% and total cumulative return in cash totals $66,770. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,164/mo property income relative to a $773/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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
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Listed by: The Nilsen Team • eXp Realty
Mls Name: Hive MLS
Mls ID: #100548568