58822 Marina Way #116HatterasNC27943
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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 Hatteras at 58822 Marina Way #116, Hatteras, NC, 27943 listed at $233,900 pairs $1,571/mo rent with a $1,145/mo payment to leave $145/mo cash flow. Total monthly income runs $1,571/mo, and annual cash flow reaches $1,744/yr on $77,538 cash to close. Return on cash invested measures 22.16% in year one, and rental yield registers 8.06% at a $233,900 basis. Equity gained on principal adds $1,509/yr, and annual property appreciation at 5% supports $64,622 by year five. Five-year ROI tracks 114.83% and total cumulative return in cash totals $89,035. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,571/mo property income relative to a $1,145/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1996
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: Suzie Scholten • Midgett Realty - Hatteras
Mls Name: OBAR
Mls ID: #130970