26153 Galleon Dr LOT 34SalvoNC27972
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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 26153 Galleon Dr LOT 34, Salvo, NC, 27972 uses $162,435 cash to close to unlock $696/yr annual cash flow and $58/mo monthly cash flow. Total monthly income runs $3,044/mo, and a $2,398/mo payment keeps the spread at $58/mo. Purchase price stands at $490,000, and rental yield measures 7.45% with $3,044/mo rent. Return on cash invested shows 20.34% in year one, and 5% annual appreciation builds toward $135,378 over five years. Five-year ROI reaches 105.01% and total cumulative return in cash records $170,568. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,044/mo property income covering a $2,398/mo payment rather than investor’s personal income.
Single Family
Built in 1989
10,018 sqft 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: William R Crews • Sun Realty - Avon
Mls Name: OBAR
Mls Provider:
Mls ID: #130080
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.