653 E Sand And Sea Ct #415CorollaNC27927
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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 653 E Sand And Sea Ct #415, Corolla, NC, 27927 uses $158,954 cash to close to unlock $2,023/yr annual cash flow and $169/mo monthly cash flow. Total monthly income runs $3,091/mo, and a $2,347/mo payment keeps the spread at $169/mo. Purchase price stands at $479,500, and rental yield measures 7.74% with $3,091/mo rent. Return on cash invested shows 21.18% in year one, and 5% annual appreciation builds toward $132,477 over five years. Five-year ROI reaches 109.54% and total cumulative return in cash records $174,124. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,091/mo property income covering a $2,347/mo payment rather than investor’s personal income.
Condo
Built in 1999
N/A 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: Catherine C Turner • Village Realty Holdings, LLC - NH
Mls Name: OBAR
Mls ID: #130774