804 S Memorial Blvd #2BKill Devil HillsNC27948
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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 Kill Devil Hills at 804 S Memorial Blvd #2B, Kill Devil Hills, NC, 27948 listed at $345,000 pairs $2,488/mo rent with a $1,689/mo payment to leave $385/mo cash flow. Total monthly income runs $2,488/mo, and annual cash flow reaches $4,620/yr on $114,368 cash to close. Return on cash invested measures 23.95% in year one, and rental yield registers 8.65% at a $345,000 basis. Equity gained on principal adds $2,226/yr, and annual property appreciation at 5% supports $95,317 by year five. Five-year ROI tracks 124.36% and total cumulative return in cash totals $142,228. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,488/mo property income relative to a $1,689/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1986
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27948, Kill Devil Hills, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,396 (100%) |
| Owner Occupied HU | 4,212 (40.5%) |
| Renter Occupied HU | 1,474 (14.2%) |
| Vacant Housing Units | 4,710 (45.3%) |
| Median Home Value | $412,266 |
| Average Home Value | $464,955 |
Housing Distribution
Address Breakdown
Residential
6,568
Single Family
6,568
Multi-Family
0
Businesses
538
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Listed by: Jolene Strydom • Outer Banks Realty Group
Mls Name: OBAR
Mls ID: #131104