701 Zen Ln LOT 57Kill 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
Investment property for sale in Kill Devil Hills at 701 Zen Ln LOT 57, Kill Devil Hills, NC, 27948 listed at $809,000 pairs $2,995/mo rent with a $3,960/mo payment. Total monthly income runs $2,995/mo. Return on cash invested measures 11.33% in year one, and rental yield registers 4.44% at a $809,000 basis. Equity gained on principal adds $5,220/yr, and annual property appreciation at 5% supports $223,512 by year five. Five-year ROI tracks 56.7% and total cumulative return in cash totals $150,925. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,995/mo property income relative to a $3,960/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2019
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: Steven W Gross • Twiddy and Company - Corolla
Mls Name: OBAR
Mls ID: #130868