765 Gulfstream Ct LOT 2CorollaNC27927
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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 Corolla at 765 Gulfstream Ct LOT 2, Corolla, NC, 27927 priced at $624,000 converts $3,184/mo rent into after a $3,054/mo obligation. Total monthly income equals $3,184/mo. Return on cash invested prints 16.44% in year one, and rental yield reads 6.12% against a $624,000 entry. Equity gained on principal adds $4,027/yr, while 5% annual appreciation compiles into $172,400 by year five. Five-year ROI reaches 84.11% and total cumulative return in cash sums $172,679. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,184/mo property income covering a $3,054/mo payment, not borrower’s personal income.
Single Family
Built in 1986
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: Crystal Swain • Twiddy and Company - Corolla
Mls Name: OBAR
Mls Provider:
Mls ID: #127175
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.