797 Broad St LOT 20CorollaNC27927
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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 797 Broad St LOT 20, Corolla, NC, 27927 generates $4,008/mo in rent, after a $6,314/mo payment. Total monthly income is $4,008/mo. Return on cash invested sits at 9.3% in year one, and rental yield is 3.73% on a $1,290,000 entry. Equity gained on principal adds $8,324/yr, while 5% annual appreciation builds toward $356,403 over five years. Five-year ROI reaches 45.74% and total cumulative return in cash sums $191,192. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,008/mo property income rather than buyer’s personal income.
Single Family
Built in 2000
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: Inna Pencheva • Landmark Sotheby's International Realty
Mls Name: OBAR
Mls ID: #129914