408 Ocean Spray Dr, Cedar Pt, NC, 28584 | $540/mo Cash Flow

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Cedar Pt at 408 Ocean Spray Dr, Cedar Pt, NC, 28584 uses $81,218 cash to close to unlock $6,480/yr annual cash flow and $540/mo monthly cash flow. Total monthly income runs $2,060/mo, and a $1,199/mo payment keeps the spread at $540/mo. Purchase price stands at $245,000, and rental yield measures 10.09% with $2,060/mo rent. Return on cash invested shows 27.89% in year one, and 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 145.64% and total cumulative return in cash records $118,284. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,060/mo property income covering a $1,199/mo payment rather than investor’s personal income.

Single Family

Built in 1997

0.37 Acres lot

$N/A/sqft

$27 monthly HOA