747 Hammock Ln LOT 55CorollaNC27927
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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 Corolla at 747 Hammock Ln LOT 55, Corolla, NC, 27927 listed at $649,000 pairs $4,705/mo rent with a $3,177/mo payment to leave $749/mo cash flow. Total monthly income runs $4,705/mo, and annual cash flow reaches $8,990/yr on $213,521 cash to close. Return on cash invested measures 24.27% in year one, and rental yield registers 8.7% at a $649,000 basis. Equity gained on principal adds $4,188/yr, and annual property appreciation at 5% supports $179,307 by year five. Five-year ROI tracks 126.09% and total cumulative return in cash totals $269,232. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,705/mo property income relative to a $3,177/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2001
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27927, Corolla, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,285 (100%) |
| Owner Occupied HU | 683 (12.9%) |
| Renter Occupied HU | 91 ( 1.7%) |
| Vacant Housing Units | 4,511 (85.4%) |
| Median Home Value | $612,374 |
| Average Home Value | $647,445 |
Housing Distribution
Address Breakdown
Residential
800
Single Family
799
Multi-Family
1
Businesses
148
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Listed by: The Myatt Group Team • Keller Williams - Outer Banks
Mls Name: OBAR
Mls ID: #129651