817 Caroline Ct #DCorollaNC27927
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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 Corolla at 817 Caroline Ct #D, Corolla, NC, 27927 at $340,000 posts ROI 17.63% with from $1,858/mo rent. Total monthly income equals $1,858/mo. Return on cash invested measures 17.63% and rental yield reads 6.56% at the current $340,000. Equity gained on principal adds $2,194/yr, and 5% annual appreciation supports $93,936 by year five. Five-year ROI prints 90.48% and total cumulative return in cash totals $101,982. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,858/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Condo
Built in 2001
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: Heather R Sawyer • Water Street Real Estate Group
Mls Name: OBAR
Mls ID: #130513