4120 Sound Drive W #0Morehead CityNC28557
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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 Morehead City at 4120 Sound Drive W #0, Morehead City, NC, 28557 generates $2,400/mo in rent, after a $3,747/mo payment. Total monthly income is $2,400/mo. Return on cash invested sits at 9.27% in year one, and rental yield is 3.76% on a $765,500 entry. Equity gained on principal adds $4,940/yr, while 5% annual appreciation builds toward $211,494 over five years. Five-year ROI reaches 45.61% and total cumulative return in cash sums $114,876. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,400/mo property income rather than buyer’s personal income.
Single Family
Built in 1982
0.25 Acres lot
$N/A/sqft
No HOA
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Listed by: Ellen K Byrum • Al Williams Properties
Mls Name: Hive MLS
Mls ID: #100539137