600 Cottage LnCorollaNC27927
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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 Corolla at 600 Cottage Ln, Corolla, NC, 27927 priced at $959,900 pairs $5,402/mo rent with after a $4,698/mo payment. Total monthly income equals $5,402/mo. Return on cash invested is 18.36% in year one, and rental yield stands at 6.75% on a $959,900 basis. Equity gained on principal adds $6,194/yr, and 5% annual appreciation accumulates to $265,203 by year five. Five-year ROI measures 94.38% and total cumulative return in cash reaches $298,046. For financing, Ziffy Mortgage’s DSCR program evaluates $5,402/mo property income against a $4,698/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2006
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27927, Corolla, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,285 (100%) |
| Owner Occupied HU | 683 (12.9%) |
| Renter Occupied HU | 91 ( 1.7%) |
| Vacant Housing Units | 4,511 (85.4%) |
| Median Home Value | $612,374 |
| Average Home Value | $647,445 |
Housing Distribution
Address Breakdown
Residential
800
Single Family
799
Multi-Family
1
Businesses
148
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Listed by: Brenda Williams • Howard Hanna Real Estate Svcs.
Mls Name: REIN Inc.
Mls ID: #10609781