3929 Harmony Circle SESouthportNC28461
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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
Investment property for sale in Southport at 3929 Harmony Circle SE, Southport, NC, 28461 offers a 7.75% rental yield on a $519,900 purchase with $3,359/mo rent. Total monthly income registers $3,359/mo, and a $2,545/mo payment leaves $190/mo available for distribution. Annual cash flow reaches $2,281/yr on $171,047 to close, and return on cash invested stands at 21.39% in year one. Equity gained on principal adds $3,355/yr while 5% annual appreciation supports $143,639 over five years. Portfolio math shows five-year ROI at 110.67% and total cumulative return in cash at $189,304. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,359/mo property income against a $2,545/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28461, Southport, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,314 (100%) |
| Owner Occupied HU | 11,104 (68.1%) |
| Renter Occupied HU | 1,964 (12.0%) |
| Vacant Housing Units | 3,246 (19.9%) |
| Median Home Value | $469,776 |
| Average Home Value | $516,669 |
Housing Distribution
Address Breakdown
Residential
13,317
Single Family
12,553
Multi-Family
764
Businesses
886
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Listed by: Nolan K Formalarie • Discover NC Homes
Mls Name: Hive MLS
Mls ID: #100541606