802 E Oak Island DriveOak IslandNC28465
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Oak Island at 802 E Oak Island Drive, Oak Island, NC, 28465 priced at $429,000 pairs $2,854/mo rent with $239/mo cash flow after a $2,100/mo payment. Total monthly income equals $2,854/mo, and annual cash flow comes to $2,870/yr on $142,214 invested. Return on cash invested is 21.93% in year one, and rental yield stands at 7.98% on a $429,000 basis. Equity gained on principal adds $2,768/yr, and 5% annual appreciation accumulates to $118,525 by year five. Five-year ROI measures 113.56% and total cumulative return in cash reaches $161,497. For financing, Ziffy Mortgage’s DSCR program evaluates $2,854/mo property income against a $2,100/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1979
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28465, Oak Island, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,067 (100%) |
| Owner Occupied HU | 3,853 (34.8%) |
| Renter Occupied HU | 667 ( 6.0%) |
| Vacant Housing Units | 6,547 (59.2%) |
| Median Home Value | $508,650 |
| Average Home Value | $583,332 |
Housing Distribution
Address Breakdown
Residential
7,254
Single Family
7,254
Multi-Family
0
Businesses
267
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kim S Anderson • Art Skipper Realty Inc.
Mls Name: Hive MLS
Mls ID: #100548461