602 W Ft Macon Road #148Atlantic BeachNC28512
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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 Atlantic Beach at 602 W Ft Macon Road #148, Atlantic Beach, NC, 28512 offers a 11.95% rental yield on a $159,000 purchase with $1,584/mo rent. Total monthly income registers $1,584/mo, and a $778/mo payment leaves $615/mo available for distribution. Annual cash flow reaches $7,382/yr on $52,709 to close, and return on cash invested stands at 33.92% in year one. Equity gained on principal adds $1,026/yr while 5% annual appreciation supports $43,929 over five years. Portfolio math shows five-year ROI at 177.9% and total cumulative return in cash at $93,768. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,584/mo property income against a $778/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1988
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28512, Atlantic Beach, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,327 (100%) |
| Owner Occupied HU | 1,359 (16.3%) |
| Renter Occupied HU | 301 ( 3.6%) |
| Vacant Housing Units | 6,667 (80.1%) |
| Median Home Value | $594,019 |
| Average Home Value | $664,937 |
Housing Distribution
Address Breakdown
Residential
2,525
Single Family
2,370
Multi-Family
155
Businesses
230
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Listed by: Laura E. Conrad • LPT Realty
Mls Name: Hive MLS
Mls ID: #100542730