26121 Otter Way #32SalvoNC27972
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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 Salvo at 26121 Otter Way #32, Salvo, NC, 27972 earns from $3,962/mo rent with a $4,155/mo payment. Total monthly income totals $3,962/mo. ROI tracks 14.85% on current figures, and rental yield reads 5.6% at a $849,000 purchase. Equity gained on principal adds $5,478/yr, and 5% annual appreciation supports $234,563 over five years. Five-year ROI reaches 75.58% and total cumulative return in cash sums $211,124. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,962/mo property income instead of your personal income.
Single Family
Built in 2003
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27972, Salvo, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 665 (100%) |
| Owner Occupied HU | 111 (16.7%) |
| Renter Occupied HU | 28 ( 4.2%) |
| Vacant Housing Units | 526 (79.1%) |
| Median Home Value | $390,385 |
| Average Home Value | $504,279 |
Housing Distribution
Address Breakdown
Residential
22
Single Family
1
Multi-Family
0
Businesses
2
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Listed by: F. Jeffrey Scott • Scott Team Realty
Mls Name: OBAR
Mls ID: #131415