229 NE 43rd StreetOak 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
Total monthly income runs $5,873/mo, and a $4,797/mo payment. Purchase price stands at $980,000, and rental yield measures 7.19% with $5,873/mo rent. Return on cash invested shows 19.69% in year one, and 5% annual appreciation builds toward $270,756 over five years. Five-year ROI reaches 101.49% and total cumulative return in cash records $327,228. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,873/mo property income covering a $4,797/mo payment rather than investor’s personal income.
Single Family
Built in 2015
6,534 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: Sandra Chisholm • SJC Real Estate LLC
Mls Name: Hive MLS
Mls ID: #100548622