307 Ocean Acres Dr #7Kill Devil HillsNC27948
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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 Kill Devil Hills at 307 Ocean Acres Dr #7, Kill Devil Hills, NC, 27948 with 5% annual appreciation on a $575,000 basis while $3,540/mo rent supports operations. Total monthly income totals $3,540/mo and a $2,814/mo payment preserves $36/mo for cash returns. Annual cash flow comes to $432/yr on $189,175 deployed, and return on cash invested reaches 20.29% in year one. Equity gained on principal adds $3,710/yr, and five-year appreciation sums $158,862 alongside rental yield of 7.39%. Five-year ROI measures 104.71% and total cumulative return in cash totals $198,083.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,540/mo property income versus a $2,814/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1977
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27948, Kill Devil Hills, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,396 (100%) |
| Owner Occupied HU | 4,212 (40.5%) |
| Renter Occupied HU | 1,474 (14.2%) |
| Vacant Housing Units | 4,710 (45.3%) |
| Median Home Value | $412,266 |
| Average Home Value | $464,955 |
Housing Distribution
Address Breakdown
Residential
6,568
Single Family
6,568
Multi-Family
0
Businesses
538
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Listed by: Jimmy Anderson • Hall & Nixon Real Estate Inc
Mls Name: OBAR
Mls Provider:
Mls ID: #127759
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.