606 W Brown Street Apt KSouthportNC28461
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Southport at 606 W Brown Street Apt K, Southport, NC, 28461 offers $1,862/mo rent that, after a $1,762/mo payment. Total monthly income is $1,862/mo. Return on cash invested measures 16.57% in year one, and rental yield stands at 6.21% at a $359,999 entry. Equity gained on principal adds $2,323/yr while 5% annual appreciation compounds into $99,461 by year five. Five-year ROI records 84.8% and total cumulative return in cash reaches $101,205. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,862/mo property income versus a $1,762/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Condo
Built in 2001
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28461, Southport, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,314 (100%) |
| Owner Occupied HU | 11,104 (68.1%) |
| Renter Occupied HU | 1,964 (12.0%) |
| Vacant Housing Units | 3,246 (19.9%) |
| Median Home Value | $469,776 |
| Average Home Value | $516,669 |
Housing Distribution
Address Breakdown
Residential
13,317
Single Family
12,553
Multi-Family
764
Businesses
886
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: LeShea L Williams • Southport Realty, Inc.
Mls Name: Hive MLS
Mls ID: #100529872