3704 E Yacht DriveOak IslandNC28465
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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 Oak Island at 3704 E Yacht Drive, Oak Island, NC, 28465 generates $3,600/mo in rent, after a $7,440/mo payment. Total monthly income is $3,600/mo. Return on cash invested sits at 6.57% in year one, and rental yield is 2.84% on a $1,520,000 entry. Equity gained on principal adds $9,808/yr, while 5% annual appreciation builds toward $419,948 over five years. Five-year ROI reaches 31.07% and total cumulative return in cash sums $153,026. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,600/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28465, Oak Island, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,067 (100%) |
| Owner Occupied HU | 3,853 (34.8%) |
| Renter Occupied HU | 667 ( 6.0%) |
| Vacant Housing Units | 6,547 (59.2%) |
| Median Home Value | $508,650 |
| Average Home Value | $583,332 |
Housing Distribution
Address Breakdown
Residential
7,254
Single Family
7,254
Multi-Family
0
Businesses
267
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Listed by: Lindsey M Jenkins • Century 21 Collective
Mls Name: Hive MLS
Mls ID: #100545556