370 Sir Chandler Dr LOT 70Kill Devil HillsNC27948
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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 Kill Devil Hills at 370 Sir Chandler Dr LOT 70, Kill Devil Hills, NC, 27948 generates $3,240/mo in rent and, after a $1,760/mo payment, leaves $1,049/mo in cash flow. Total monthly income is $3,240/mo, and annual cash flow is $12,583/yr on $119,174 invested. Return on cash invested sits at 30.47% in year one, and rental yield is 10.82% on a $359,500 entry. Equity gained on principal adds $2,320/yr, while 5% annual appreciation builds toward $99,323 over five years. Five-year ROI reaches 159.34% and total cumulative return in cash sums $189,896. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,240/mo property income rather than buyer’s personal income.
Single Family
Built in 1999
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27948, Kill Devil Hills, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,396 (100%) |
| Owner Occupied HU | 4,212 (40.5%) |
| Renter Occupied HU | 1,474 (14.2%) |
| Vacant Housing Units | 4,710 (45.3%) |
| Median Home Value | $412,266 |
| Average Home Value | $464,955 |
Housing Distribution
Address Breakdown
Residential
6,568
Single Family
6,568
Multi-Family
0
Businesses
538
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Listed by: David S Watson • Southern Shores Realty
Mls Name: OBAR
Mls Provider:
Mls ID: #127239
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.