7803 E Ocean DrEmerald IsleNC28594
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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 Emerald Isle at 7803 E Ocean Dr, Emerald Isle, NC, 28594 offers a 2.17% rental yield on a $1,490,000 purchase with $2,700/mo rent. 51% in year one. Equity gained on principal adds $9,615/yr while 5% annual appreciation supports $411,660 over five years. Portfolio math shows five-year ROI at 20.03% and total cumulative return in cash at $96,688. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,700/mo property income against a $7,293/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28594, Emerald Isle, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,083 (100%) |
| Owner Occupied HU | 1,611 (22.7%) |
| Renter Occupied HU | 300 ( 4.2%) |
| Vacant Housing Units | 5,172 (73.0%) |
| Median Home Value | $654,716 |
| Average Home Value | $686,816 |
Housing Distribution
Address Breakdown
Residential
2,858
Single Family
2,858
Multi-Family
0
Businesses
282
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Listed by: N/A • N/A
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