515 Bear St NWShallotteNC28470
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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 Shallotte at 515 Bear St NW, Shallotte, NC, 28470 priced at $209,900 pairs $2,027/mo rent with $748/mo cash flow after a $1,027/mo payment. Total monthly income equals $2,027/mo, and annual cash flow comes to $8,977/yr on $69,582 invested. Return on cash invested is 32.81% in year one, and rental yield stands at 11.59% on a $209,900 basis. Equity gained on principal adds $1,354/yr, and 5% annual appreciation accumulates to $57,992 by year five. Five-year ROI measures 171.95% and total cumulative return in cash reaches $119,648. For financing, Ziffy Mortgage’s DSCR program evaluates $2,027/mo property income against a $1,027/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 2024
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28470, Shallotte, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,617 (100%) |
| Owner Occupied HU | 4,007 (60.6%) |
| Renter Occupied HU | 1,389 (21.0%) |
| Vacant Housing Units | 1,221 (18.5%) |
| Median Home Value | $340,677 |
| Average Home Value | $400,276 |
Housing Distribution
Address Breakdown
Residential
5,698
Single Family
5,360
Multi-Family
338
Businesses
491
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Listed by: N/A • N/A
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