303 E Atlantic BoulevardAtlantic BeachNC28512
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
Rental property for sale in Atlantic Beach at 303 E Atlantic Boulevard, Atlantic Beach, NC, 28512 priced at $825,000 pairs $3,593/mo rent with after a $4,038/mo payment. Total monthly income equals $3,593/mo. Return on cash invested is 13.72% in year one, and rental yield stands at 5.23% on a $825,000 basis. Equity gained on principal adds $5,324/yr, and 5% annual appreciation accumulates to $227,932 by year five. Five-year ROI measures 69.47% and total cumulative return in cash reaches $188,553. For financing, Ziffy Mortgage’s DSCR program evaluates $3,593/mo property income against a $4,038/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1960
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28512, Atlantic Beach, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,327 (100%) |
| Owner Occupied HU | 1,359 (16.3%) |
| Renter Occupied HU | 301 ( 3.6%) |
| Vacant Housing Units | 6,667 (80.1%) |
| Median Home Value | $594,019 |
| Average Home Value | $664,937 |
Housing Distribution
Address Breakdown
Residential
2,525
Single Family
2,370
Multi-Family
155
Businesses
230
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Bailey Basnight Real Estate • Coldwell Banker Sea Coast AB
Mls Name: Hive MLS
Mls ID: #100546714