619 Spencer Farlow Drive #23Carolina 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 619 Spencer Farlow Drive #23, Carolina Beach, NC, 28428 earns from $1,856/mo rent with a $1,659/mo payment. Total monthly income totals $1,856/mo. ROI tracks 11.05% on current figures, and rental yield reads 6.57% at a $338,900 purchase. Equity gained on principal adds $2,187/yr, and 5% annual appreciation supports $93,632 over five years. Five-year ROI reaches 57.62% and total cumulative return in cash sums $64,737. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,856/mo property income instead of your personal income.
Condo
Built in 2024
N/A lot
$N/A/sqft
$7,440 annually 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: Chris J Santucci • Coldwell Banker Sea Coast Advantage-CB
Mls Name: Hive MLS
Mls Provider:
Mls ID: #100542204
Disclaimer: The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS, and is updated as of 2025-10-17 12:20:34 PDT. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Zillow, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 2025-10-17 12:20:34 PDT Hive MLS