25216 Wimble Shrs N LOT 37WavesNC27982
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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 Waves at 25216 Wimble Shrs N LOT 37, Waves, NC, 27982 earns $775/mo cash flow from $4,974/mo rent with a $3,372/mo payment. Total monthly income totals $4,974/mo, and annual cash flow totals $9,302/yr on $226,681 capital. ROI tracks 24.16% on current figures, and rental yield reads 8.66% at a $689,000 purchase. Equity gained on principal adds $4,446/yr, and 5% annual appreciation supports $190,358 over five years. Five-year ROI reaches 125.51% and total cumulative return in cash sums $284,514. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,974/mo property income instead of your personal income.
Single Family
Built in 2002
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27982, Waves, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 382 (100%) |
| Owner Occupied HU | 70 (18.3%) |
| Renter Occupied HU | 16 ( 4.2%) |
| Vacant Housing Units | 296 (77.5%) |
| Median Home Value | $431,250 |
| Average Home Value | $553,929 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
3
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Listed by: Deanna B Dorman • Surf or Sound Realty - Rodanthe
Mls Name: OBAR
Mls ID: #130556