25221 Sea Vista Dr LOT 14WavesNC27982
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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 25221 Sea Vista Dr LOT 14, Waves, NC, 27982 uses $200,361 cash to close to unlock $3,482/yr annual cash flow and $290/mo monthly cash flow. Total monthly income runs $4,002/mo, and a $2,981/mo payment keeps the spread at $290/mo. Purchase price stands at $609,000, and rental yield measures 7.89% with $4,002/mo rent. Return on cash invested shows 21.8% in year one, and 5% annual appreciation builds toward $168,255 over five years. Five-year ROI reaches 112.83% and total cumulative return in cash records $226,061. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,002/mo property income covering a $2,981/mo payment rather than investor’s personal income.
Single Family
Built in 2001
0.34 Acres 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: Trisha Midgett & Team • Midgett Realty - Rodanthe
Mls Name: OBAR
Mls Provider:
Mls ID: #131401
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.