308 Lusterleaf Lane # 1ShallotteNC28470
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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
Rental property for sale in Shallotte at 308 Lusterleaf Lane # 1, Shallotte, NC, 28470 offers $1,859/mo rent that, after a $1,419/mo payment, leaves $92/mo cash flow. Total monthly income is $1,859/mo, and annual cash flow is $1,104/yr on $96,132 cash. Return on cash invested measures 21.06% in year one, and rental yield stands at 7.69% at a $289,990 entry. Equity gained on principal adds $1,871/yr while 5% annual appreciation compounds into $80,119 by year five. Five-year ROI records 108.91% and total cumulative return in cash reaches $104,701. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,859/mo property income versus a $1,419/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2025
2,178 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28470, Shallotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,617 (100%) |
| Owner Occupied HU | 4,007 (60.6%) |
| Renter Occupied HU | 1,389 (21.0%) |
| Vacant Housing Units | 1,221 (18.5%) |
| Median Home Value | $340,677 |
| Average Home Value | $400,276 |
Housing Distribution
Address Breakdown
Residential
5,698
Single Family
5,360
Multi-Family
338
Businesses
491
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Listed by: Jason B Cox • WIndsor Real Estate Group
Mls Name: Hive MLS
Mls ID: #100543371