407 Indian Dr LOT 9Kill Devil HillsNC27948
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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 Kill Devil Hills at 407 Indian Dr LOT 9, Kill Devil Hills, NC, 27948 offers $4,000/mo rent that, after a $3,375/mo payment. Total monthly income is $4,000/mo. Return on cash invested measures 18.99% in year one, and rental yield stands at 6.96% at a $689,500 entry. Equity gained on principal adds $4,449/yr while 5% annual appreciation compounds into $190,496 by year five. Five-year ROI records 97.76% and total cumulative return in cash reaches $221,755. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $4,000/mo property income versus a $3,375/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27948, Kill Devil Hills, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,396 (100%) |
| Owner Occupied HU | 4,212 (40.5%) |
| Renter Occupied HU | 1,474 (14.2%) |
| Vacant Housing Units | 4,710 (45.3%) |
| Median Home Value | $412,266 |
| Average Home Value | $464,955 |
Housing Distribution
Address Breakdown
Residential
6,568
Single Family
6,568
Multi-Family
0
Businesses
538
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Listed by: Richard H Tolson • RT Realty OBX, LLC
Mls Name: OBAR
Mls Provider:
Mls ID: #129125
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.