700 W 1st St UNIT G-9Kill 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 W 1st St UNIT G-9, Kill Devil Hills, NC, 27948 generates $2,197/mo in rent and, after a $1,580/mo payment, leaves $230/mo in cash flow. Total monthly income is $2,197/mo, and annual cash flow is $2,754/yr on $107,041 invested. Return on cash invested sits at 22.48% in year one, and rental yield is 8.16% on a $322,900 entry. Equity gained on principal adds $2,084/yr, while 5% annual appreciation builds toward $89,211 over five years. Five-year ROI reaches 116.52% and total cumulative return in cash sums $124,730. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,197/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: Bucky Harrison • Beach Realty & Construction - KH North
Mls Name: OBAR
Mls Provider:
Mls ID: #128153
Disclaimer: 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. Information is deemed reliable but not guaranteed.