342 Causeway Drive #9Wrightsville BeachNC28480
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
Rental property for sale in Wrightsville Beach at 342 Causeway Drive #9, Wrightsville Beach, NC, 28480 generates $5,567/mo in rent, after a $8,786/mo payment. Total monthly income is $5,567/mo. Return on cash invested sits at 9.28% in year one, and rental yield is 3.72% on a $1,795,000 entry. Equity gained on principal adds $11,583/yr, while 5% annual appreciation builds toward $495,925 over five years. Five-year ROI reaches 45.63% and total cumulative return in cash sums $265,393. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,567/mo property income rather than buyer’s personal income.
Condo
Built in 1980
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Harper C Fraser • Intracoastal Realty Corp
Mls Name: Hive MLS
Mls ID: #100546468