305 S Bald Head Wynd #16SouthportNC28461
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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 Southport at 305 S Bald Head Wynd #16, Southport, NC, 28461 earns from $2,537/mo rent with a $4,968/mo payment. Total monthly income totals $2,537/mo. ROI tracks 7.05% on current figures, and rental yield reads 3% at a $1,015,000 purchase. Equity gained on principal adds $6,550/yr, and 5% annual appreciation supports $280,426 over five years. Five-year ROI reaches 33.68% and total cumulative return in cash sums $110,769. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,537/mo property income instead of your personal income.
Single Family
Built in 1983
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28461, Southport, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,314 (100%) |
| Owner Occupied HU | 11,104 (68.1%) |
| Renter Occupied HU | 1,964 (12.0%) |
| Vacant Housing Units | 3,246 (19.9%) |
| Median Home Value | $469,776 |
| Average Home Value | $516,669 |
Housing Distribution
Address Breakdown
Residential
13,317
Single Family
12,553
Multi-Family
764
Businesses
886
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Listed by: Barbara Adams • Landmark Sotheby's International Realty
Mls Name: Hive MLS
Mls ID: #100540785