40230 Dune Way LOT 15AvonNC27915
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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 Avon at 40230 Dune Way LOT 15, Avon, NC, 27915 listed at $489,000 pairs $2,621/mo rent with a $2,393/mo payment. Total monthly income runs $2,621/mo. Return on cash invested measures 17.25% in year one, and rental yield registers 6.43% at a $489,000 basis. Equity gained on principal adds $3,155/yr, and annual property appreciation at 5% supports $135,102 by year five. Five-year ROI tracks 88.5% and total cumulative return in cash totals $143,458. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,621/mo property income relative to a $2,393/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1991
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27915, Avon, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,725 (100%) |
| Owner Occupied HU | 374 (21.7%) |
| Renter Occupied HU | 66 ( 3.8%) |
| Vacant Housing Units | 1,285 (74.5%) |
| Median Home Value | $425,532 |
| Average Home Value | $498,663 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
131
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Listed by: Trisha Midgett & Team • Midgett Realty - Rodanthe
Mls Name: OBAR
Mls ID: #131490