25245 Island Pines Dr LOT 6WavesNC27982
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
Rental property for sale in Waves at 25245 Island Pines Dr LOT 6, Waves, NC, 27982 generates $6,208/mo in rent, after a $6,035/mo payment. Total monthly income is $6,208/mo. Return on cash invested sits at 16.45% in year one, and rental yield is 6.04% on a $1,233,000 entry. Equity gained on principal adds $7,956/yr, while 5% annual appreciation builds toward $340,655 over five years. Five-year ROI reaches 84.04% and total cumulative return in cash sums $335,752. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $6,208/mo property income rather than buyer’s personal income.
Single Family
Built in 2000
3,920 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Eric Braojos • Howard Hanna Outer Banks Realt
Mls Name: OBAR
Mls Provider:
Mls ID: #129212
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.