611 Third Street SCarolina BeachNC28428
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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 Carolina Beach at 611 Third Street S, Carolina Beach, NC, 28428 with 5% annual appreciation on a $1,520,000 basis while $5,519/mo rent supports operations. 24% in year one. Equity gained on principal adds $9,808/yr, and five-year appreciation sums $419,948 alongside rental yield of 4.36%. Five-year ROI measures 56.15% and total cumulative return in cash totals $276,518. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $5,519/mo property income versus a $7,440/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2020
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28428, Carolina Beach, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,919 (100%) |
| Owner Occupied HU | 2,515 (42.5%) |
| Renter Occupied HU | 796 (13.4%) |
| Vacant Housing Units | 2,608 (44.1%) |
| Median Home Value | $554,706 |
| Average Home Value | $662,894 |
Housing Distribution
Address Breakdown
Residential
4,840
Single Family
3,327
Multi-Family
1,513
Businesses
447
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Listed by: Kathy A MacNish • Margaret Rudd Assoc/O.I.
Mls Name: Hive MLS
Mls ID: #100540464