321 Hickory RoadSouthportNC28461
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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 321 Hickory Road, Southport, NC, 28461 listed at $249,900 pairs $1,788/mo rent with a $1,223/mo payment to leave $265/mo cash flow. Total monthly income runs $1,788/mo, and annual cash flow reaches $3,181/yr on $82,842 cash to close. Return on cash invested measures 23.75% in year one, and rental yield registers 8.59% at a $249,900 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,043 by year five. Five-year ROI tracks 123.36% and total cumulative return in cash totals $102,194. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,788/mo property income relative to a $1,223/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1997
0.27 Acres 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: Richard G Morgan • Clear Blue Real Estate, LLC
Mls Name: Hive MLS
Mls ID: #100546709