288 Bayview DrStumpy PointNC27978
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 288 Bayview Dr, Stumpy Point, NC, 27978 in Stumpy Point speaks for itself: 10.42% gross on a $617,000 price, generating $5,359/mo in rent and $1,599/mo in net income after the $2,774/mo debt service. DSCR 1.93, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $19,187 stacks alongside $170,466 in projected five-year appreciation and $5,683/yr in principal reduction. Projected total cumulative return: $336,635.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 10.4% | 6.2% |
| Monthly Cash Flow | $1,599 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $5,359 |
| Total Monthly Debt Service | $3,515 |
| DSCR Ratio | 1.52x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: OBAR
Mls ID: #132240