2391 Carova Rd LOT 21CorollaNC27927
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
Total monthly income runs $1,962/mo, and a $2,080/mo payment. Purchase price stands at $425,000, and rental yield measures 5.54% with $1,962/mo rent. Return on cash invested shows 14.56% in year one, and 5% annual appreciation builds toward $117,420 over five years. Five-year ROI reaches 74.02% and total cumulative return in cash records $104,285. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,962/mo property income covering a $2,080/mo payment rather than investor’s personal income.
Single Family
Built in 2011
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27927, Corolla, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,285 (100%) |
| Owner Occupied HU | 683 (12.9%) |
| Renter Occupied HU | 91 ( 1.7%) |
| Vacant Housing Units | 4,511 (85.4%) |
| Median Home Value | $612,374 |
| Average Home Value | $647,445 |
Housing Distribution
Address Breakdown
Residential
800
Single Family
799
Multi-Family
1
Businesses
148
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jean-Paul A Peron • EXP Realty, LLC - Coastal
Mls Name: OBAR
Mls Provider:
Mls ID: #126267
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.