761 Bayberry Ct LOT 119CorollaNC27927
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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 761 Bayberry Ct LOT 119, Corolla, NC, 27927 offers a 7.51% rental yield on a $925,000 purchase with $5,788/mo rent. Total monthly income registers $5,788/mo, and a $4,527/mo payment leaves $151/mo available for distribution. Annual cash flow reaches $1,812/yr on $304,325 to close, and return on cash invested stands at 20.66% in year one. Equity gained on principal adds $5,969/yr while 5% annual appreciation supports $255,560 over five years. Portfolio math shows five-year ROI at 106.68% and total cumulative return in cash at $324,649. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $5,788/mo property income against a $4,527/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1998
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: Ann Taylor S Lusk • Coldwell Banker Seaside Realty KH
Mls Name: OBAR
Mls Provider:
Mls ID: #127666
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.