700 W 1st St #E11Kill Devil HillsNC27948
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
Investment property for sale in Kill Devil Hills at 700 W 1st St #E11, Kill Devil Hills, NC, 27948 listed at $398,000 pairs $2,603/mo rent with a $1,948/mo payment to leave $177/mo cash flow. Total monthly income runs $2,603/mo, and annual cash flow reaches $2,129/yr on $131,937 cash to close. Return on cash invested measures 21.52% in year one, and rental yield registers 7.85% at a $398,000 basis. Equity gained on principal adds $2,568/yr, and annual property appreciation at 5% supports $109,960 by year five. Five-year ROI tracks 111.38% and total cumulative return in cash totals $146,952. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,603/mo property income relative to a $1,948/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1993
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Samantha Lauric • Beach Realty & Construction
Mls Name: OBAR
Mls ID: #131187