477 Harkers Island RoadBeaufortNC28516
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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 Beaufort at 477 Harkers Island Road, Beaufort, NC, 28516 priced at $375,000 pairs $2,596/mo rent with $311/mo cash flow after a $1,835/mo payment. Total monthly income equals $2,596/mo, and annual cash flow comes to $3,732/yr on $124,313 invested. Return on cash invested is 22.91% in year one, and rental yield stands at 8.31% on a $375,000 basis. Equity gained on principal adds $2,420/yr, and 5% annual appreciation accumulates to $103,606 by year five. Five-year ROI measures 118.8% and total cumulative return in cash reaches $147,687. For financing, Ziffy Mortgage’s DSCR program evaluates $2,596/mo property income against a $1,835/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1941
1.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28516, Beaufort, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,617 (100%) |
| Owner Occupied HU | 4,126 (54.2%) |
| Renter Occupied HU | 1,501 (19.7%) |
| Vacant Housing Units | 1,990 (26.1%) |
| Median Home Value | $393,935 |
| Average Home Value | $475,994 |
Housing Distribution
Address Breakdown
Residential
6,483
Single Family
6,209
Multi-Family
274
Businesses
582
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Listed by: Susan Stallings • Coldwell Banker Sea Coast AB
Mls Name: Hive MLS
Mls ID: #100530520