515 W Beach DriveOak IslandNC28465
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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 Oak Island at 515 W Beach Drive, Oak Island, NC, 28465 listed at $1,244,900 pairs $2,914/mo rent with a $6,093/mo payment. Total monthly income runs $2,914/mo. Return on cash invested measures 6.47% in year one, and rental yield registers 2.81% at a $1,244,900 basis. Equity gained on principal adds $8,033/yr, and annual property appreciation at 5% supports $343,943 by year five. Five-year ROI tracks 30.55% and total cumulative return in cash totals $123,212. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,914/mo property income relative to a $6,093/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1968
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28465, Oak Island, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,067 (100%) |
| Owner Occupied HU | 3,853 (34.8%) |
| Renter Occupied HU | 667 ( 6.0%) |
| Vacant Housing Units | 6,547 (59.2%) |
| Median Home Value | $508,650 |
| Average Home Value | $583,332 |
Housing Distribution
Address Breakdown
Residential
7,254
Single Family
7,254
Multi-Family
0
Businesses
267
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Listed by: Destination Beach Team • RE/MAX Executive
Mls Name: Hive MLS
Mls ID: #100526581