447 E 2nd Street #E17, Ocean Isle Beach, NC, 28469 | 4.17% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Ocean Isle Beach at 447 E 2nd Street #E17, Ocean Isle Beach, NC, 28469 generates $1,840/mo in rent, after a $2,594/mo payment. Total monthly income is $1,840/mo. Return on cash invested sits at 10.49% in year one, and rental yield is 4.17% on a $529,900 entry. Equity gained on principal adds $3,419/yr, while 5% annual appreciation builds toward $146,402 over five years. Five-year ROI reaches 52.21% and total cumulative return in cash sums $91,019. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,840/mo property income rather than buyer’s personal income.

Condo

Built in 1980

N/A lot

$N/A/sqft

No HOA