228 W Kitty Hawk RdKitty HawkNC27949
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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 Kitty Hawk at 228 W Kitty Hawk Rd, Kitty Hawk, NC, 27949 uses $102,434 cash to close to unlock $4,106/yr annual cash flow and $342/mo monthly cash flow. Total monthly income runs $2,225/mo, and a $1,512/mo payment keeps the spread at $342/mo. Purchase price stands at $309,000, and rental yield measures 8.64% with $2,225/mo rent. Return on cash invested shows 23.92% in year one, and 5% annual appreciation builds toward $85,371 over five years. Five-year ROI reaches 124.24% and total cumulative return in cash records $127,265. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,225/mo property income covering a $1,512/mo payment rather than investor’s personal income.
Condo
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27949, Kitty Hawk, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,943 (100%) |
| Owner Occupied HU | 3,354 (37.5%) |
| Renter Occupied HU | 513 ( 5.7%) |
| Vacant Housing Units | 5,076 (56.8%) |
| Median Home Value | $609,479 |
| Average Home Value | $682,932 |
Housing Distribution
Address Breakdown
Residential
4,417
Single Family
4,102
Multi-Family
315
Businesses
624
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Listed by: David H Weybright - Sales • Coastal Outer Banks Realty
Mls Name: OBAR
Mls Provider:
Mls ID: #128742
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