496 Alton Lennon DriveSouthportNC28461
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Nearby investment properties with comparable prices
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 Southport at 496 Alton Lennon Drive, Southport, NC, 28461 priced at $335,000 converts $2,762/mo rent into $720/mo cash flow after a $1,640/mo obligation. Total monthly income equals $2,762/mo, and annual cash flow totals $8,640/yr on $111,053 invested. Return on cash invested prints 27.69% in year one, and rental yield reads 9.89% against a $335,000 entry. Equity gained on principal adds $2,162/yr, while 5% annual appreciation compiles into $92,554 by year five. Five-year ROI reaches 144.43% and total cumulative return in cash sums $160,388. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,762/mo property income covering a $1,640/mo payment, not borrower’s personal income.
Single Family
Built in 2019
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28461, Southport, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,314 (100%) |
| Owner Occupied HU | 11,104 (68.1%) |
| Renter Occupied HU | 1,964 (12.0%) |
| Vacant Housing Units | 3,246 (19.9%) |
| Median Home Value | $469,776 |
| Average Home Value | $516,669 |
Housing Distribution
Address Breakdown
Residential
13,317
Single Family
12,553
Multi-Family
764
Businesses
886
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Listed by: Andrew Luczak • Century 21 Vanguard
Mls Name: Hive MLS
Mls ID: #100537079