3011 3rd StreetSurf CityNC28445
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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 Surf City at 3011 3rd Street, Surf City, NC, 28445 offers a 3.81% rental yield on a $1,360,000 purchase with $4,317/mo rent. 55% in year one. Equity gained on principal adds $8,776/yr while 5% annual appreciation supports $375,743 over five years. Portfolio math shows five-year ROI at 47.08% and total cumulative return in cash at $207,433. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,317/mo property income against a $6,657/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2022
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28445, Holly Ridge, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,156 (100%) |
| Owner Occupied HU | 4,002 (39.4%) |
| Renter Occupied HU | 1,043 (10.3%) |
| Vacant Housing Units | 5,111 (50.3%) |
| Median Home Value | $376,587 |
| Average Home Value | $435,780 |
Housing Distribution
Address Breakdown
Residential
6,217
Single Family
6,134
Multi-Family
83
Businesses
499
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Listed by: Robin E Mills • Coldwell Banker Sea Coast Advantage-Leland
Mls Name: Hive MLS
Mls ID: #100542826