240 Folkstone RoadHolly RidgeNC28445
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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 Holly Ridge at 240 Folkstone Road, Holly Ridge, NC, 28445 listed at $299,900 pairs $1,755/mo rent with a $1,468/mo payment. Total monthly income runs $1,755/mo. Return on cash invested measures 19.03% in year one, and rental yield registers 7.02% at a $299,900 basis. Equity gained on principal adds $1,935/yr, and annual property appreciation at 5% supports $82,857 by year five. Five-year ROI tracks 98.04% and total cumulative return in cash totals $97,468. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,755/mo property income relative to a $1,468/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2007
1.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28445, Holly Ridge, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,156 (100%) |
| Owner Occupied HU | 4,002 (39.4%) |
| Renter Occupied HU | 1,043 (10.3%) |
| Vacant Housing Units | 5,111 (50.3%) |
| Median Home Value | $376,587 |
| Average Home Value | $435,780 |
Housing Distribution
Address Breakdown
Residential
6,217
Single Family
6,134
Multi-Family
83
Businesses
499
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Listed by: Streamline Realty Team • Coldwell Banker Sea Coast Advantage-Hampstead
Mls Name: Hive MLS
Mls ID: #100516318