4008 Poor Ridge Rd LOT 3Kitty HawkNC27949
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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 Kitty Hawk at 4008 Poor Ridge Rd LOT 3, Kitty Hawk, NC, 27949 uses $193,781 cash to close to unlock $7,322/yr annual cash flow and $610/mo monthly cash flow. Total monthly income runs $4,200/mo, and a $2,883/mo payment keeps the spread at $610/mo. Purchase price stands at $589,000, and rental yield measures 8.56% with $4,200/mo rent. Return on cash invested shows 23.84% in year one, and 5% annual appreciation builds toward $162,730 over five years. Five-year ROI reaches 123.78% and total cumulative return in cash records $239,858. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,200/mo property income covering a $2,883/mo payment rather than investor’s personal income.
Single Family
Built in 2000
0.89 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27949, Kitty Hawk, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,943 (100%) |
| Owner Occupied HU | 3,354 (37.5%) |
| Renter Occupied HU | 513 ( 5.7%) |
| Vacant Housing Units | 5,076 (56.8%) |
| Median Home Value | $609,479 |
| Average Home Value | $682,932 |
Housing Distribution
Address Breakdown
Residential
4,417
Single Family
4,102
Multi-Family
315
Businesses
624
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Listed by: The Myatt Group Team • Keller Williams - Outer Banks
Mls Name: OBAR
Mls ID: #130836