319 Old Causeway RoadAtlantic BeachNC28512
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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 Atlantic Beach at 319 Old Causeway Road, Atlantic Beach, NC, 28512 offers $4,361/mo rent that, after a $6,852/mo payment. Total monthly income is $4,361/mo. Return on cash invested measures 9.34% in year one, and rental yield stands at 3.74% at a $1,400,000 entry. Equity gained on principal adds $9,034/yr while 5% annual appreciation compounds into $386,794 by year five. Five-year ROI records 45.91% and total cumulative return in cash reaches $208,255. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,361/mo property income versus a $6,852/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28512, Atlantic Beach, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,327 (100%) |
| Owner Occupied HU | 1,359 (16.3%) |
| Renter Occupied HU | 301 ( 3.6%) |
| Vacant Housing Units | 6,667 (80.1%) |
| Median Home Value | $594,019 |
| Average Home Value | $664,937 |
Housing Distribution
Address Breakdown
Residential
2,525
Single Family
2,370
Multi-Family
155
Businesses
230
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Listed by: Meredith & Matt Team Johnson • RE/MAX Ocean Properties
Mls Name: Hive MLS
Mls ID: #100525298