501 Shoreline Dr ESunset BeachNC28468
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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 Sunset Beach at 501 Shoreline Dr E, Sunset Beach, NC, 28468 priced at $340,000 converts $3,038/mo rent into $966/mo cash flow after a $1,664/mo obligation. Total monthly income equals $3,038/mo, and annual cash flow totals $11,592/yr on $112,710 invested. Return on cash invested prints 30.19% in year one, and rental yield reads 10.72% against a $340,000 entry. Equity gained on principal adds $2,194/yr, while 5% annual appreciation compiles into $93,936 by year five. Five-year ROI reaches 157.84% and total cumulative return in cash sums $177,906. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,038/mo property income covering a $1,664/mo payment, not borrower’s personal income.
Single Family
Built in 1978
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28468, Sunset Beach, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,393 (100%) |
| Owner Occupied HU | 2,576 (40.3%) |
| Renter Occupied HU | 467 ( 7.3%) |
| Vacant Housing Units | 3,350 (52.4%) |
| Median Home Value | $419,266 |
| Average Home Value | $452,638 |
Housing Distribution
Address Breakdown
Residential
4,545
Single Family
4,032
Multi-Family
513
Businesses
109
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Listed by: STEPHANIE BELL • EXP REALTY LLC
Mls Name: LPRMLS
Mls Provider:
Mls ID: #732351
Disclaimer: 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. Information is deemed reliable but not guaranteed.