428 Harbour View Dr LOT 94Kill Devil HillsNC27948
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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 Kill Devil Hills at 428 Harbour View Dr LOT 94, Kill Devil Hills, NC, 27948 generates $2,909/mo in rent and, after a $2,325/mo payment, leaves $14/mo in cash flow. Total monthly income is $2,909/mo, and annual cash flow is $168/yr on $157,463 invested. Return on cash invested sits at 20.02% in year one, and rental yield is 7.35% on a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation builds toward $131,234 over five years. Five-year ROI reaches 103.27% and total cumulative return in cash sums $162,619. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,909/mo property income rather than buyer’s personal income.
Single Family
Built in 1988
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27948, Kill Devil Hills, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,396 (100%) |
| Owner Occupied HU | 4,212 (40.5%) |
| Renter Occupied HU | 1,474 (14.2%) |
| Vacant Housing Units | 4,710 (45.3%) |
| Median Home Value | $412,266 |
| Average Home Value | $464,955 |
Housing Distribution
Address Breakdown
Residential
6,568
Single Family
6,568
Multi-Family
0
Businesses
538
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Listed by: Jessiah M Rudolph • Keller Williams - Outer Banks
Mls Name: OBAR
Mls Provider:
Mls ID: #127895
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.