3215 High Meadows Drive SWShallotteNC28470
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Shallotte at 3215 High Meadows Drive SW, Shallotte, NC, 28470 at $239,000 posts ROI 29.56% with $637/mo cash flow from $2,094/mo rent. Total monthly income equals $2,094/mo, and annual cash flow records $7,646/yr on $79,229 to close. Return on cash invested measures 29.56% and rental yield reads 10.51% at the current $239,000. Equity gained on principal adds $1,542/yr, and 5% annual appreciation supports $66,031 by year five. Five-year ROI prints 154.52% and total cumulative return in cash totals $122,424.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,094/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 1996
0.73 Acres 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: Rick A Winner • Coastal Development & Realty
Mls Name: Hive MLS
Mls Provider:
Mls ID: #100460932
Disclaimer: The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS, and is updated as of 2025-02-22 15:34:36 PST. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Zillow, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. 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. 2025-02-22 15:34:36 PST Hive MLS