330 Old Wharf RdWancheseNC27981
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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 Wanchese at 330 Old Wharf Rd, Wanchese, NC, 27981 generates $3,720/mo in rent and, after a $1,904/mo payment, leaves $1,349/mo in cash flow. Total monthly income is $3,720/mo, and annual cash flow is $16,190/yr on $128,954 invested. Return on cash invested sits at 32.46% in year one, and rental yield is 11.48% on a $389,000 entry. Equity gained on principal adds $2,510/yr, while 5% annual appreciation builds toward $107,474 over five years. Five-year ROI reaches 170.07% and total cumulative return in cash sums $219,306. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,720/mo property income rather than buyer’s personal income.
Single Family
Built in 2020
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27981, Wanchese, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 739 (100%) |
| Owner Occupied HU | 483 (65.4%) |
| Renter Occupied HU | 183 (24.8%) |
| Vacant Housing Units | 73 ( 9.9%) |
| Median Home Value | $328,107 |
| Average Home Value | $351,180 |
Housing Distribution
Address Breakdown
Residential
359
Single Family
359
Multi-Family
0
Businesses
91
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Listed by: Trisha Midgett & Team • Midgett Realty - Rodanthe
Mls Name: OBAR
Mls Provider:
Mls ID: #130090
Disclaimer: 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. Information is deemed reliable but not guaranteed.