4020 Norseman Loop Unit 2SouthportNC28461
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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 Southport at 4020 Norseman Loop Unit 2, Southport, NC, 28461 generates $1,904/mo in rent and, after a $1,463/mo payment, leaves $82/mo in cash flow. Total monthly income is $1,904/mo, and annual cash flow is $986/yr on $99,119 invested. Return on cash invested sits at 20.9% in year one, and rental yield is 7.64% on a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 108.1% and total cumulative return in cash sums $107,146. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,904/mo property income rather than buyer’s personal income.
Condo
Built in 2007
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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Listed by: Robert Carroll • RE/MAX Southern Coast
Mls Name: Hive MLS
Mls ID: #100546099