41941 Ocean View Dr #57AvonNC27915
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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
Investment property for sale in Avon at 41941 Ocean View Dr #57, Avon, NC, 27915 uses $291,165 cash to close to unlock $2,232/yr annual cash flow and $186/mo monthly cash flow. Total monthly income runs $5,580/mo, and a $4,332/mo payment keeps the spread at $186/mo. Purchase price stands at $885,000, and rental yield measures 7.57% with $5,580/mo rent. Return on cash invested shows 20.83% in year one, and 5% annual appreciation builds toward $244,509 over five years. Five-year ROI reaches 107.59% and total cumulative return in cash records $313,278. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $5,580/mo property income covering a $4,332/mo payment rather than investor’s personal income.
Single Family
Built in 1996
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27915, Avon, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,725 (100%) |
| Owner Occupied HU | 374 (21.7%) |
| Renter Occupied HU | 66 ( 3.8%) |
| Vacant Housing Units | 1,285 (74.5%) |
| Median Home Value | $425,532 |
| Average Home Value | $498,663 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
131
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Listed by: The Spencer Team • Keller Williams - Outer Banks
Mls Name: OBAR
Mls ID: #130605