511 Carolina Beach Ave N #DCarolina BeachNC28428
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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 Carolina Beach at 511 Carolina Beach Ave N #D, Carolina Beach, NC, 28428 offers $2,790/mo rent that, after a $2,838/mo payment. Total monthly income is $2,790/mo. Return on cash invested measures 15.38% in year one, and rental yield stands at 5.77% at a $579,900 entry. Equity gained on principal adds $3,742/yr while 5% annual appreciation compounds into $160,216 by year five. Five-year ROI records 78.43% and total cumulative return in cash reaches $149,629. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,790/mo property income versus a $2,838/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 1997
871.20 sqft 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
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Listed by: Tammy Smith • Bordeaux Smith Realty LLC
Mls Name: Doorify MLS
Mls ID: #10135021