5213 Ocean Drive #E&WEMERALD ISLENC28594
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 EMERALD ISLE at 5213 Ocean Drive #E&W, EMERALD ISLE, NC, 28594 projects strong ROI of 1.87%. Rental yield 1.32%. With 5% annual appreciation, the property builds $642,355 in value over five years. Equity growth combined delivers a projected five-year ROI of 5.88%, translating into $44,288 in total cumulative return on $753,300 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
Multi Family
Built in 1980
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28594, Emerald Isle, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,083 (100%) |
| Owner Occupied HU | 1,611 (22.7%) |
| Renter Occupied HU | 300 ( 4.2%) |
| Vacant Housing Units | 5,172 (73.0%) |
| Median Home Value | $654,716 |
| Average Home Value | $686,816 |
Housing Distribution
Address Breakdown
Residential
2,858
Single Family
2,858
Multi-Family
0
Businesses
282
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Marge "Meg" Russell • Russell Homes and Land
Mls Name: Hive MLS
Mls ID: #100549892