411 N Channel Drive #BWrightsville BeachNC28480
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayNot all U.S. investment properties are valued for current income. 411 N Channel Drive #B, Wrightsville Beach, NC, 28480 in Wrightsville Beach at $1,499,000, 4.35% gross yield, is a market-growth asset. Rental yield 4.35%. The $5,434/mo rent partially funds the $6,740/mo debt service; the core return is the 5%/yr price growth projected to add $414,146 over five years. Ziffy Mortgage's DSCR mortgage (0.81) provides financing for foreign nationals without domestic income checks. A 30–35% down payment often produces the cleanest coverage for low-yield properties. Total five-year return: $329,632.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 4.4% | 6.2% |
| Monthly Cash Flow | $(4,285) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $5,434 |
| Total Monthly Debt Service | $8,539 |
| DSCR Ratio | 0.64x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1998
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28480, Wrightsville Beach, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,780 (100%) |
| Owner Occupied HU | 797 (28.7%) |
| Renter Occupied HU | 393 (14.1%) |
| Vacant Housing Units | 1,590 (57.2%) |
| Median Home Value | $1,062,500 |
| Average Home Value | $1,205,405 |
Housing Distribution
Address Breakdown
Residential
1,806
Single Family
1,604
Multi-Family
202
Businesses
481
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1998
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28480, Wrightsville Beach, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,780 (100%) |
| Owner Occupied HU | 797 (28.7%) |
| Renter Occupied HU | 393 (14.1%) |
| Vacant Housing Units | 1,590 (57.2%) |
| Median Home Value | $1,062,500 |
| Average Home Value | $1,205,405 |
Housing Distribution
Address Breakdown
Residential
1,806
Single Family
1,604
Multi-Family
202
Businesses
481
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: The Rising Tide Team • Intracoastal Realty Corp
Mls Name: Hive MLS
Mls ID: #100554805