4003 NE Norseman LoopSouthportNC28461
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
Investment property for sale in Southport at 4003 NE Norseman Loop, Southport, NC, 28461 at $349,900 posts ROI 27.74% with $757/mo cash flow from $2,890/mo rent. Total monthly income equals $2,890/mo, and annual cash flow records $9,085/yr on $115,992 to close. Return on cash invested measures 27.74% and rental yield reads 9.91% at the current $349,900. Equity gained on principal adds $2,258/yr, and 5% annual appreciation supports $96,671 by year five. Five-year ROI prints 144.75% and total cumulative return in cash totals $167,898.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,890/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 2016
N/A 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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Nearby investment properties with comparable prices
Listed by: Christopher Kuhn • RE/MAX Executive
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4105905
Disclaimer: Based on information submitted to the MLS GRID as of 2024-01-24 10:55:15 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_87)