504 N Kinston AvenueAtlantic BeachNC28512
Nearby investment properties with comparable rents
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 Atlantic Beach at 504 N Kinston Avenue, Atlantic Beach, NC, 28512 priced at $995,000 pairs $2,834/mo rent with after a $4,870/mo payment. Total monthly income equals $2,834/mo. Return on cash invested is 8.22% in year one, and rental yield stands at 3.42% on a $995,000 basis. Equity gained on principal adds $6,421/yr, and 5% annual appreciation accumulates to $274,900 by year five. Five-year ROI measures 39.99% and total cumulative return in cash reaches $130,914. For financing, Ziffy Mortgage’s DSCR program evaluates $2,834/mo property income against a $4,870/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1970
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28512, Atlantic Beach, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,327 (100%) |
| Owner Occupied HU | 1,359 (16.3%) |
| Renter Occupied HU | 301 ( 3.6%) |
| Vacant Housing Units | 6,667 (80.1%) |
| Median Home Value | $594,019 |
| Average Home Value | $664,937 |
Housing Distribution
Address Breakdown
Residential
2,525
Single Family
2,370
Multi-Family
155
Businesses
230
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Molly Logan • Dogwood Properties-Atlantic Beach
Mls Name: Hive MLS
Mls Provider:
Mls ID: #100474931
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