288 Bayview DrStumpy PointNC27978
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Stumpy Point at 288 Bayview Dr, Stumpy Point, NC, 27978 at $699,000 posts ROI 26.82% with $1,296/mo cash flow from $5,556/mo rent. Total monthly income equals $5,556/mo, and annual cash flow records $15,554/yr on $229,971 to close. Return on cash invested measures 26.82% and rental yield reads 9.54% at the current $699,000. Equity gained on principal adds $4,511/yr, and 5% annual appreciation supports $193,121 by year five. Five-year ROI prints 139.78% and total cumulative return in cash totals $321,446.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,556/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2004
1.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27978, Stumpy Point, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 169 (100%) |
| Owner Occupied HU | 44 (26.0%) |
| Renter Occupied HU | 17 (10.1%) |
| Vacant Housing Units | 108 (63.9%) |
| Median Home Value | $330,000 |
| Average Home Value | $407,955 |
Housing Distribution
Address Breakdown
Residential
104
Single Family
104
Multi-Family
0
Businesses
5
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Nearby investment properties with comparable prices
Listed by: Heather T Vandermyde • Coldwell Banker Seaside Realty - KDH
Mls Name: OBAR
Mls ID: #130695