429 Kitty Hawk Bay Dr Lot 157Kill 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
Investment property for sale in Kill Devil Hills at 429 Kitty Hawk Bay Dr Lot 157, Kill Devil Hills, NC, 27948 earns from $3,562/mo rent with a $3,402/mo payment. Total monthly income totals $3,562/mo. ROI tracks 16.52% on current figures, and rental yield reads 6.15% at a $695,000 purchase. Equity gained on principal adds $4,485/yr, and 5% annual appreciation supports $192,016 over five years. Five-year ROI reaches 84.52% and total cumulative return in cash sums $193,254. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,562/mo property income instead of your personal income.
Single Family
Built in 1973
9,583 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: Becky J Reed • Keller Williams - Outer Banks
Mls Name: OBAR
Mls ID: #131615