322 Causeway Drive Ste 702Wrightsville BeachNC28480
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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
Total monthly income runs $2,979/mo, and a $5,849/mo payment. Purchase price stands at $1,195,000, and rental yield measures 2.99% with $2,979/mo rent. Return on cash invested shows 7.03% in year one, and 5% annual appreciation builds toward $330,156 over five years. Five-year ROI reaches 33.55% and total cumulative return in cash records $129,890. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,979/mo property income covering a $5,849/mo payment rather than investor’s personal income.
Condo
Built in 1974
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28480, Wrightsville Beach, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,780 (100%) |
| Owner Occupied HU | 797 (28.7%) |
| Renter Occupied HU | 393 (14.1%) |
| Vacant Housing Units | 1,590 (57.2%) |
| Median Home Value | $1,062,500 |
| Average Home Value | $1,205,405 |
Housing Distribution
Address Breakdown
Residential
1,806
Single Family
1,604
Multi-Family
202
Businesses
481
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Listed by: Lynne M Galloway • Landmark Sotheby's International Realty
Mls Name: Hive MLS
Mls ID: #100544595