24246 S Shore Dr LOT 13RodantheNC27968
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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 Rodanthe at 24246 S Shore Dr LOT 13, Rodanthe, NC, 27968 generates $3,409/mo in rent, after a $3,549/mo payment. Total monthly income is $3,409/mo. Return on cash invested sits at 14.98% in year one, and rental yield is 5.64% on a $725,000 entry. Equity gained on principal adds $4,678/yr, while 5% annual appreciation builds toward $200,304 over five years. Five-year ROI reaches 76.24% and total cumulative return in cash sums $181,853. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,409/mo property income rather than buyer’s personal income.
Single Family
Built in 1992
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: Megan Griffin • Surf or Sound Realty - Rodanthe
Mls Name: OBAR
Mls ID: #131582