700 Skipjack Ln #G7Kill Devil HillsNC27948
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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
Rental property for sale in Kill Devil Hills at 700 Skipjack Ln #G7, Kill Devil Hills, NC, 27948 generates $2,664/mo in rent and, after a $1,542/mo payment, leaves $744/mo in cash flow. Total monthly income is $2,664/mo, and annual cash flow is $8,928/yr on $104,423 invested. Return on cash invested sits at 28.46% in year one, and rental yield is 10.15% on a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 148.56% and total cumulative return in cash sums $155,129. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,664/mo property income rather than buyer’s personal income.
Condo
Built in 1994
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27948, Kill Devil Hills, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,396 (100%) |
| Owner Occupied HU | 4,212 (40.5%) |
| Renter Occupied HU | 1,474 (14.2%) |
| Vacant Housing Units | 4,710 (45.3%) |
| Median Home Value | $412,266 |
| Average Home Value | $464,955 |
Housing Distribution
Address Breakdown
Residential
6,568
Single Family
6,568
Multi-Family
0
Businesses
538
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Listed by: Jessica Sekellick • LUVANEX GROUP LLC
Mls Name: My State MLS
Mls ID: #11602724