2305 Surfrider Circle UNIT BKure BeachNC28449
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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 Kure Beach at 2305 Surfrider Circle UNIT B, Kure Beach, NC, 28449 listed at $349,000 pairs $2,176/mo rent with a $1,708/mo payment. Total monthly income runs $2,176/mo. Return on cash invested measures 10.24% in year one, and rental yield registers 7.48% at a $349,000 basis. Equity gained on principal adds $2,252/yr, and annual property appreciation at 5% supports $96,422 by year five. Five-year ROI tracks 54.56% and total cumulative return in cash totals $63,120. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,176/mo property income relative to a $1,708/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1985
N/A lot
$N/A/sqft
$11,778 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28449, Kure Beach, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,870 (100%) |
| Owner Occupied HU | 757 (40.5%) |
| Renter Occupied HU | 179 ( 9.6%) |
| Vacant Housing Units | 934 (49.9%) |
| Median Home Value | $645,906 |
| Average Home Value | $687,903 |
Housing Distribution
Address Breakdown
Residential
965
Single Family
965
Multi-Family
0
Businesses
79
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Listed by: Wes MacLeod • exp Realty
Mls Name: Hive MLS
Mls Provider:
Mls ID: #100475029
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 2024-10-17 08:18:46 PDT. 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. 2024-10-17 08:18:46 PDT Hive MLS