25224 Mac Oca Dr LOT 24WavesNC27982
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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 25224 Mac Oca Dr LOT 24, Waves, NC, 27982 uses $222,042 cash to close to unlock $7,093/yr annual cash flow and $591/mo monthly cash flow. Total monthly income runs $4,704/mo, and a $3,303/mo payment keeps the spread at $591/mo. Purchase price stands at $674,900, and rental yield measures 8.36% with $4,704/mo rent. Return on cash invested shows 23.25% in year one, and 5% annual appreciation builds toward $186,462 over five years. Five-year ROI reaches 120.64% and total cumulative return in cash records $267,871. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,704/mo property income covering a $3,303/mo payment rather than investor’s 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: Jessica B Evans • Luxury Realty Outer Banks
Mls Name: OBAR
Mls ID: #129793