507 N Seventh StreetCarolina BeachNC28428
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 Carolina Beach at 507 N Seventh Street, Carolina Beach, NC, 28428 generates $2,815/mo in rent, after a $2,936/mo payment. Total monthly income is $2,815/mo. Return on cash invested sits at 14.95% in year one, and rental yield is 5.63% on a $599,900 entry. Equity gained on principal adds $3,871/yr, while 5% annual appreciation builds toward $165,741 over five years. Five-year ROI reaches 76.09% and total cumulative return in cash sums $150,184. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,815/mo property income rather than buyer’s personal income.
Single Family
Built in 1985
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28428, Carolina Beach, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,919 (100%) |
| Owner Occupied HU | 2,515 (42.5%) |
| Renter Occupied HU | 796 (13.4%) |
| Vacant Housing Units | 2,608 (44.1%) |
| Median Home Value | $554,706 |
| Average Home Value | $662,894 |
Housing Distribution
Address Breakdown
Residential
4,840
Single Family
3,327
Multi-Family
1,513
Businesses
447
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jessica M Keenan • Nest Realty
Mls Name: Hive MLS
Mls ID: #100521592