515 Shoreline Drive ESunset BeachNC28468
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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 Sunset Beach at 515 Shoreline Drive E, Sunset Beach, NC, 28468 priced at $475,000 converts $2,029/mo rent into after a $2,325/mo obligation. Total monthly income equals $2,029/mo. Return on cash invested prints 13.31% in year one, and rental yield reads 5.13% against a $475,000 entry. Equity gained on principal adds $3,065/yr, while 5% annual appreciation compiles into $131,234 by year five. Five-year ROI reaches 67.32% and total cumulative return in cash sums $106,003. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,029/mo property income covering a $2,325/mo payment, not borrower’s personal income.
Single Family
Built in 1981
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28468, Sunset Beach, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,393 (100%) |
| Owner Occupied HU | 2,576 (40.3%) |
| Renter Occupied HU | 467 ( 7.3%) |
| Vacant Housing Units | 3,350 (52.4%) |
| Median Home Value | $419,266 |
| Average Home Value | $452,638 |
Housing Distribution
Address Breakdown
Residential
4,545
Single Family
4,032
Multi-Family
513
Businesses
109
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Listed by: Claire E Yoder • Coldwell Banker Sloane
Mls Name: Hive MLS
Mls ID: #100532077