601 Schooner Rdg LOT VCorollaNC27927
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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 Corolla at 601 Schooner Rdg LOT V, Corolla, NC, 27927 at $1,699,000 posts ROI 9.27% with from $5,262/mo rent. Total monthly income equals $5,262/mo. Return on cash invested measures 9.27% and rental yield reads 3.72% at the current $1,699,000. Equity gained on principal adds $10,963/yr, and 5% annual appreciation supports $469,402 by year five. Five-year ROI prints 45.56% and total cumulative return in cash totals $250,781. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $5,262/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1980
5,227 sqft 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: Briann A Mehfoud • Twiddy and Co. - Duck
Mls Name: OBAR
Mls ID: #130747