2393 Sandfiddler Rd LOT 5CorollaNC27927
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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
Rental property for sale in Corolla at 2393 Sandfiddler Rd LOT 5, Corolla, NC, 27927 generates $5,773/mo in rent, after a $9,765/mo payment. Total monthly income is $5,773/mo. Return on cash invested sits at 8.51% in year one, and rental yield is 3.47% on a $1,995,000 entry. Equity gained on principal adds $12,873/yr, while 5% annual appreciation builds toward $551,182 over five years. Five-year ROI reaches 41.51% and total cumulative return in cash sums $268,305. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,773/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
N/A 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
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Listed by: Hunter E Davis • Twiddy and Company - Corolla
Mls Name: OBAR
Mls Provider:
Mls ID: #128335
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.