303 Henderson Boulevard UNIT 2Atlantic BeachNC28512
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeHigh DSCR is a competitive advantage at closing. 303 Henderson Boulevard UNIT 2, Atlantic Beach, NC, 28512 in Atlantic Beach achieves 1.56, rent of $1,398/mo covers the $899/mo payment 1.5x over at $200,000. Rental yield 8.39%. That makes it both an efficient operational hold and a straightforward underwrite for Ziffy Mortgage's DSCR program. No domestic credit history or income documentation required. Appreciation at 5%/yr adds $55,256 over five years, with $1,842/yr in principal reduction bringing total projected return to $59,219.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 6.2% |
| Monthly Cash Flow | $(289) | $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 | $1,398 |
| Total Monthly Debt Service | $1,608 |
| DSCR Ratio | 0.87x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Condo
Built in 1969
N/A lot
$N/A/sqft
$5,619 annually 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
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
Condo
Built in 1969
N/A lot
$N/A/sqft
$5,619 annually 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