303 Osprey Ridge DriveEmerald IsleNC28594
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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 Emerald Isle at 303 Osprey Ridge Drive, Emerald Isle, NC, 28594 listed at $1,135,999 pairs $3,286/mo rent with a $5,560/mo payment. Total monthly income runs $3,286/mo. Return on cash invested measures 8.51% in year one, and rental yield registers 3.47% at a $1,135,999 basis. Equity gained on principal adds $7,330/yr, and annual property appreciation at 5% supports $313,856 by year five. Five-year ROI tracks 41.5% and total cumulative return in cash totals $152,730. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,286/mo property income relative to a $5,560/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2000
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28594, Emerald Isle, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,083 (100%) |
| Owner Occupied HU | 1,611 (22.7%) |
| Renter Occupied HU | 300 ( 4.2%) |
| Vacant Housing Units | 5,172 (73.0%) |
| Median Home Value | $654,716 |
| Average Home Value | $686,816 |
Housing Distribution
Address Breakdown
Residential
2,858
Single Family
2,858
Multi-Family
0
Businesses
282
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Listed by: Angela L Clark • Emerald Isle Realty
Mls Name: Hive MLS
Mls ID: #100530656