283 Glendale Arbor Drive SW UNIT 50Ocean Isle BeachNC28469
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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 Ocean Isle Beach at 283 Glendale Arbor Drive SW UNIT 50, Ocean Isle Beach, NC, 28469 uses $86,024 cash to close to unlock $14,023/yr annual cash flow and $1,169/mo monthly cash flow. Total monthly income runs $2,800/mo, and a $1,270/mo payment keeps the spread at $1,169/mo. Purchase price stands at $259,500, and rental yield measures 12.95% with $2,800/mo rent. Return on cash invested shows 36.21% in year one, and 5% annual appreciation builds toward $71,695 over five years. Five-year ROI reaches 190.39% and total cumulative return in cash records $163,781. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,800/mo property income covering a $1,270/mo payment rather than investor’s personal income.
Single Family
Built in 2024
6,534 sqft lot
$N/A/sqft
$600 annually HOA
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Listed by: Laura L Midgett • Coldwell Banker Sea Coast Advantage
Mls Name: Hive MLS
Mls Provider:
Mls ID: #100439692
Disclaimer: The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS, and is updated as of 2024-10-17 08:18:46 PDT. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Zillow, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. 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. 2024-10-17 08:18:46 PDT Hive MLS