27212 Spin Drift Rd LOT 7SalvoNC27972
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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 27212 Spin Drift Rd LOT 7, Salvo, NC, 27972 uses $246,586 cash to close to unlock $13,063/yr annual cash flow and $1,089/mo monthly cash flow. Total monthly income runs $5,656/mo, and a $3,668/mo payment keeps the spread at $1,089/mo. Purchase price stands at $749,500, and rental yield measures 9.06% with $5,656/mo rent. Return on cash invested shows 25.36% in year one, and 5% annual appreciation builds toward $207,073 over five years. Five-year ROI reaches 131.9% and total cumulative return in cash records $325,253. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,656/mo property income covering a $3,668/mo payment rather than investor’s personal income.
Single Family
Built in 2005
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: Jayson Collier • Keller Williams - Outer Banks
Mls Name: OBAR
Mls ID: #130001