513 Colington Dr LOT 1Kill Devil HillsNC27948
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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 Kill Devil Hills at 513 Colington Dr LOT 1, Kill Devil Hills, NC, 27948 with 5% annual appreciation on a $644,500 basis while $3,240/mo rent supports operations. 16% in year one. Equity gained on principal adds $4,159/yr, and five-year appreciation sums $178,063 alongside rental yield of 6.03%. Five-year ROI measures 82.6% and total cumulative return in cash totals $175,155. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,240/mo property income versus a $3,155/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2024
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27948, Kill Devil Hills, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,396 (100%) |
| Owner Occupied HU | 4,212 (40.5%) |
| Renter Occupied HU | 1,474 (14.2%) |
| Vacant Housing Units | 4,710 (45.3%) |
| Median Home Value | $412,266 |
| Average Home Value | $464,955 |
Housing Distribution
Address Breakdown
Residential
6,568
Single Family
6,568
Multi-Family
0
Businesses
538
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Listed by: Carol M Perry • Sun Realty - KDH
Mls Name: OBAR
Mls Provider:
Mls ID: #128155
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.