501 Red Drum WaySwansboroNC28584
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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 Swansboro at 501 Red Drum Way, Swansboro, NC, 28584 listed at $482,800 pairs $2,820/mo rent with a $2,363/mo payment. Total monthly income runs $2,820/mo. Return on cash invested measures 18.68% in year one, and rental yield registers 7.01% at a $482,800 basis. Equity gained on principal adds $3,115/yr, and annual property appreciation at 5% supports $133,389 by year five. Five-year ROI tracks 96.23% and total cumulative return in cash totals $154,016. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,820/mo property income relative to a $2,363/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2024
0.64 Acres lot
$N/A/sqft
$500 annually HOA
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Listed by: Nickole Steffan • ADAMS HOMES REALTY NC INC
Mls Name: Hive MLS
Mls Provider:
Mls ID: #100459288
Disclaimer: The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS, and is updated as of 2024-10-17 08:18:46 PDT. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Zillow, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 2024-10-17 08:18:46 PDT Hive MLS