24257 Dean Ave LOT 19RodantheNC27968
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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 24257 Dean Ave LOT 19, Rodanthe, NC, 27968 offers a 10.45% rental yield on a $599,000 purchase with $5,214/mo rent. Total monthly income registers $5,214/mo, and a $2,932/mo payment leaves $1,563/mo available for distribution. Annual cash flow reaches $18,758/yr on $197,071 to close, and return on cash invested stands at 29.58% in year one. Equity gained on principal adds $3,865/yr while 5% annual appreciation supports $165,493 over five years. Portfolio math shows five-year ROI at 154.55% and total cumulative return in cash at $304,570. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,214/mo property income against a $2,932/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
9,147 sqft 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: Trisha Midgett & Team • Midgett Realty - Rodanthe
Mls Name: OBAR
Mls ID: #131559