24280 State Highway 12 APT 2ARodantheNC27968
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 24280 State Highway 12 APT 2A, Rodanthe, NC, 27968 offers a 7.74% rental yield on a $493,000 purchase with $3,181/mo rent. Total monthly income registers $3,181/mo, and a $2,413/mo payment leaves $176/mo available for distribution. Annual cash flow reaches $2,117/yr on $163,430 to close, and return on cash invested stands at 21.2% in year one. Equity gained on principal adds $3,181/yr while 5% annual appreciation supports $136,207 over five years. Portfolio math shows five-year ROI at 109.67% and total cumulative return in cash at $179,238. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,181/mo property income against a $2,413/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2008
N/A 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Trisha Midgett & Team • Midgett Realty - Rodanthe
Mls Name: OBAR
Mls Provider:
Mls ID: #129207
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.