2508 E Beach DriveOak IslandNC28465
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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 Oak Island at 2508 E Beach Drive, Oak Island, NC, 28465 listed at $775,000 pairs $7,697/mo rent with a $3,793/mo payment to leave $2,974/mo cash flow. Total monthly income runs $7,697/mo, and annual cash flow reaches $35,688/yr on $254,975 cash to close. Return on cash invested measures 34.06% in year one, and rental yield registers 11.92% at a $775,000 basis. Equity gained on principal adds $5,001/yr, and annual property appreciation at 5% supports $214,118 by year five. Five-year ROI tracks 178.54% and total cumulative return in cash totals $455,227. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $7,697/mo property income relative to a $3,793/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1970
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28465, Oak Island, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,067 (100%) |
| Owner Occupied HU | 3,853 (34.8%) |
| Renter Occupied HU | 667 ( 6.0%) |
| Vacant Housing Units | 6,547 (59.2%) |
| Median Home Value | $508,650 |
| Average Home Value | $583,332 |
Housing Distribution
Address Breakdown
Residential
7,254
Single Family
7,254
Multi-Family
0
Businesses
267
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Listed by: Tidal Realty Partners • REAL Broker LLC
Mls Name: Hive MLS
Mls ID: #100550005