24246 Caribbean Way LOT 18-RRodantheNC27968
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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 24246 Caribbean Way LOT 18-R, Rodanthe, NC, 27968 listed at $1,499,000 pairs $2,160/mo rent with a $7,337/mo payment. Total monthly income runs $2,160/mo. Return on cash invested measures 3.13% in year one, and rental yield registers 1.73% at a $1,499,000 basis. Equity gained on principal adds $9,673/yr, and annual property appreciation at 5% supports $414,146 by year five. Five-year ROI tracks 12.67% and total cumulative return in cash totals $61,533. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,160/mo property income relative to a $7,337/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2008
0.46 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: Michael E Smith • Outer Banks Realty Group
Mls Name: OBAR
Mls ID: #130022