405 Ivy LnCarolina BeachNC28428
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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 Carolina Beach at 405 Ivy Ln, Carolina Beach, NC, 28428 listed at $827,777 pairs $3,900/mo rent with a $4,052/mo payment. Total monthly income runs $3,900/mo. Return on cash invested measures 15.01% in year one, and rental yield registers 5.65% at a $827,777 basis. Equity gained on principal adds $5,342/yr, and annual property appreciation at 5% supports $228,700 by year five. Five-year ROI tracks 76.43% and total cumulative return in cash totals $208,144. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,900/mo property income relative to a $4,052/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2018
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28428, Carolina Beach, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,919 (100%) |
| Owner Occupied HU | 2,515 (42.5%) |
| Renter Occupied HU | 796 (13.4%) |
| Vacant Housing Units | 2,608 (44.1%) |
| Median Home Value | $554,706 |
| Average Home Value | $662,894 |
Housing Distribution
Address Breakdown
Residential
4,840
Single Family
3,327
Multi-Family
1,513
Businesses
447
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Listed by: BOLI HERNANDEZ • Real Broker, LLC
Mls Name: Doorify MLS
Mls ID: #10130022