2264 New River Inlet Road UNIT 303North 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
Total monthly income runs $1,537/mo, and a $817/mo payment. Purchase price stands at $167,000, and rental yield measures 11.04% with $1,537/mo rent. Return on cash invested shows 18.22% in year one, and 5% annual appreciation builds toward $46,139 over five years. Five-year ROI reaches 98.44% and total cumulative return in cash records $54,495. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,537/mo property income covering a $817/mo payment rather than investor’s personal income.
Condo
Built in 1980
N/A lot
$N/A/sqft
$7,064 annually 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: Ashley Garland • Coldwell Banker Sea Coast Advantage
Mls Name: Hive MLS
Mls Provider:
Mls ID: #100462510
Disclaimer: The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS, and is updated as of 2025-02-21 20:59:35 PST. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Zillow, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 2025-02-21 20:59:35 PST Hive MLS