5002 Midyette Avenue, Morehead City, NC, 28557 | 6.39% 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

Investment property for sale in Morehead City at 5002 Midyette Avenue, Morehead City, NC, 28557 offers a 6.39% rental yield on a $442,500 purchase with $2,357/mo rent. 13% in year one. Equity gained on principal adds $2,855/yr while 5% annual appreciation supports $122,255 over five years. Portfolio math shows five-year ROI at 87.79% and total cumulative return in cash at $128,775. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,357/mo property income against a $2,166/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1960

0.56 Acres lot

$N/A/sqft

No HOA