23165 Wimble Shoals Dr #1RodantheNC27968
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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 Rodanthe at 23165 Wimble Shoals Dr #1, Rodanthe, NC, 27968 offers a 8.01% rental yield on a $875,000 purchase with $5,843/mo rent. Total monthly income registers $5,843/mo, and a $4,283/mo payment leaves $510/mo available for distribution. Annual cash flow reaches $6,120/yr on $287,875 to close, and return on cash invested stands at 22.19% in year one. Equity gained on principal adds $5,646/yr while 5% annual appreciation supports $241,746 over five years. Portfolio math shows five-year ROI at 114.89% and total cumulative return in cash at $330,731. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,843/mo property income against a $4,283/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
0.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27968, Rodanthe, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 553 (100%) |
| Owner Occupied HU | 89 (16.1%) |
| Renter Occupied HU | 16 ( 2.9%) |
| Vacant Housing Units | 448 (81.0%) |
| Median Home Value | $390,625 |
| Average Home Value | $463,904 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
60
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Listed by: April D Contestable • Brindley Beach Vacations & Sal
Mls Name: OBAR
Mls ID: #129499