23791 E State Highway 12 LOT 5RodantheNC27968
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 23791 E State Highway 12 LOT 5, Rodanthe, NC, 27968 uses $128,954 cash to close to unlock $626/yr annual cash flow and $52/mo monthly cash flow. Total monthly income runs $2,423/mo, and a $1,904/mo payment keeps the spread at $52/mo. Purchase price stands at $389,000, and rental yield measures 7.47% with $2,423/mo rent. Return on cash invested shows 20.39% in year one, and 5% annual appreciation builds toward $107,474 over five years. Five-year ROI reaches 105.35% and total cumulative return in cash records $135,846. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,423/mo property income covering a $1,904/mo payment rather than investor’s personal income.
Single Family
Built in 2020
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Trisha Midgett & Team • Midgett Realty - Rodanthe
Mls Name: OBAR
Mls Provider:
Mls ID: #125682
Disclaimer: 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. Information is deemed reliable but not guaranteed.