306 Sunny Lake Rd LOT 50MoyockNC27958
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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 Moyock at 306 Sunny Lake Rd LOT 50, Moyock, NC, 27958 uses $175,982 cash to close to unlock $11,281/yr annual cash flow and $940/mo monthly cash flow. Total monthly income runs $4,200/mo, and a $2,618/mo payment keeps the spread at $940/mo. Purchase price stands at $534,900, and rental yield measures 9.42% with $4,200/mo rent. Return on cash invested shows 26.47% in year one, and 5% annual appreciation builds toward $147,783 over five years. Five-year ROI reaches 137.9% and total cumulative return in cash records $242,673. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,200/mo property income covering a $2,618/mo payment rather than investor’s personal income.
Single Family
Built in 2020
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27958, Moyock, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,131 (100%) |
| Owner Occupied HU | 4,429 (86.3%) |
| Renter Occupied HU | 510 ( 9.9%) |
| Vacant Housing Units | 192 ( 3.7%) |
| Median Home Value | $393,432 |
| Average Home Value | $424,716 |
Housing Distribution
Address Breakdown
Residential
5,380
Single Family
5,380
Multi-Family
0
Businesses
264
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Listed by: Kateryna Rush • RE/MAX Coastal Associates - Outer Banks
Mls Name: OBAR
Mls ID: #130373