714 W Dolphin DriveOak IslandNC28465
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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 Oak Island at 714 W Dolphin Drive, Oak Island, NC, 28465 offers $2,874/mo rent that, after a $7,293/mo payment. Total monthly income is $2,874/mo. Return on cash invested measures 4.94% in year one, and rental yield stands at 2.31% at a $1,490,000 entry. Equity gained on principal adds $9,615/yr while 5% annual appreciation compounds into $411,660 by year five. Five-year ROI records 22.35% and total cumulative return in cash reaches $107,884. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,874/mo property income versus a $7,293/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2017
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28465, Oak Island, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,067 (100%) |
| Owner Occupied HU | 3,853 (34.8%) |
| Renter Occupied HU | 667 ( 6.0%) |
| Vacant Housing Units | 6,547 (59.2%) |
| Median Home Value | $508,650 |
| Average Home Value | $583,332 |
Housing Distribution
Address Breakdown
Residential
7,254
Single Family
7,254
Multi-Family
0
Businesses
267
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Listed by: Kim S Anderson • Art Skipper Realty Inc.
Mls Name: Hive MLS
Mls ID: #100543391