411 N Channel Drive Unit BWrightsville BeachNC28480
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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 Wrightsville Beach at 411 N Channel Drive Unit B, Wrightsville Beach, NC, 28480 offers $5,371/mo rent that, after a $7,337/mo payment. Total monthly income is $5,371/mo. Return on cash invested measures 11.07% in year one, and rental yield stands at 4.3% at a $1,499,000 entry. Equity gained on principal adds $9,673/yr while 5% annual appreciation compounds into $414,146 by year five. Five-year ROI records 55.21% and total cumulative return in cash reaches $268,149. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,371/mo property income versus a $7,337/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
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
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Listed by: The Rising Tide Team • Intracoastal Realty Corp
Mls Name: Hive MLS
Mls ID: #100543159