514 Old Folkstone RoadHolly RidgeNC28445
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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 Holly Ridge at 514 Old Folkstone Road, Holly Ridge, NC, 28445 offers a 8.23% rental yield on a $299,000 purchase with $2,050/mo rent. Total monthly income registers $2,050/mo, and a $1,463/mo payment leaves $228/mo available for distribution. Annual cash flow reaches $2,738/yr on $99,119 to close, and return on cash invested stands at 22.67% in year one. Equity gained on principal adds $1,929/yr while 5% annual appreciation supports $82,608 over five years. Portfolio math shows five-year ROI at 117.57% and total cumulative return in cash at $116,530. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,050/mo property income against a $1,463/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2012
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28445, Holly Ridge, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,156 (100%) |
| Owner Occupied HU | 4,002 (39.4%) |
| Renter Occupied HU | 1,043 (10.3%) |
| Vacant Housing Units | 5,111 (50.3%) |
| Median Home Value | $376,587 |
| Average Home Value | $435,780 |
Housing Distribution
Address Breakdown
Residential
6,217
Single Family
6,134
Multi-Family
83
Businesses
499
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Listed by: Tara Macias • Keller Williams Innovate - Jax
Mls Name: Hive MLS
Mls ID: #100549880