284 N Shore DrSouthportNC28461
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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
Rental property for sale in Southport at 284 N Shore Dr, Southport, NC, 28461 priced at $469,000 converts $2,999/mo rent into $140/mo cash flow after a $2,296/mo obligation. Total monthly income equals $2,999/mo, and annual cash flow totals $1,682/yr on $155,474 invested. Return on cash invested prints 20.99% in year one, and rental yield reads 7.67% against a $469,000 entry. Equity gained on principal adds $3,026/yr, while 5% annual appreciation compiles into $129,576 by year five. Five-year ROI reaches 108.54% and total cumulative return in cash sums $168,751. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,999/mo property income covering a $2,296/mo payment, not borrower’s personal income.
Single Family
Built in 1993
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28461, Southport, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,314 (100%) |
| Owner Occupied HU | 11,104 (68.1%) |
| Renter Occupied HU | 1,964 (12.0%) |
| Vacant Housing Units | 3,246 (19.9%) |
| Median Home Value | $469,776 |
| Average Home Value | $516,669 |
Housing Distribution
Address Breakdown
Residential
13,317
Single Family
12,553
Multi-Family
764
Businesses
886
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