800 Country Club Rd APT 52,Morehead City,NC,28557

Investment Highlights

Investment property for sale in Morehead City at 800 Country Club Rd APT 52, Morehead City, NC, 28557 offers a 8.06% rental yield on a $420,000 purchase with $2,821/mo rent. Total monthly income registers $2,821/mo, and a $2,056/mo payment leaves $261/mo available for distribution. Annual cash flow reaches $3,132/yr on $139,230 to close, and return on cash invested stands at 22.16% in year one. Equity gained on principal adds $2,710/yr while 5% annual appreciation supports $116,038 over five years. Portfolio math shows five-year ROI at 114.77% and total cumulative return in cash at $159,799. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,821/mo property income against a $2,056/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.