56821 State Highway 12 #32HatterasNC27943
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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 Hatteras at 56821 State Highway 12 #32, Hatteras, NC, 27943 generates $2,056/mo in rent and, after a $1,028/mo payment, leaves $776/mo in cash flow. Total monthly income is $2,056/mo, and annual cash flow is $9,312/yr on $69,615 invested. Return on cash invested sits at 33.29% in year one, and rental yield is 11.75% on a $210,000 entry. Equity gained on principal adds $1,355/yr, while 5% annual appreciation builds toward $58,019 over five years. Five-year ROI reaches 174.43% and total cumulative return in cash sums $121,432. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,056/mo property income rather than buyer’s personal income.
Condo
Built in 1978
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27943, Hatteras, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 849 (100%) |
| Owner Occupied HU | 217 (25.6%) |
| Renter Occupied HU | 45 ( 5.3%) |
| Vacant Housing Units | 587 (69.1%) |
| Median Home Value | $503,440 |
| Average Home Value | $517,396 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
63
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Listed by: Nancy G Scarborough • Dolphin Realty, Inc.
Mls Name: OBAR
Mls ID: #130705