529 Red Fox Street 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
Investment property for sale in Shallotte at 529 Red Fox Street NW, Shallotte, NC, 28470 with 5% annual appreciation on a $179,000 basis while $1,410/mo rent supports operations. Total monthly income totals $1,410/mo and a $876/mo payment preserves $319/mo for cash returns. Annual cash flow comes to $3,830/yr on $59,339 deployed, and return on cash invested reaches 26.36% in year one. Equity gained on principal adds $1,155/yr, and five-year appreciation sums $49,454 alongside rental yield of 9.45%. Five-year ROI measures 137.38% and total cumulative return in cash totals $81,519.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,410/mo property income versus a $876/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 1999
0.27 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: Christian A Cardamone • Aloha Wilmington Real Estate
Mls Name: Hive MLS
Mls ID: #100543471