8801 Reed Drive #311Emerald IsleNC28594
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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 Emerald Isle at 8801 Reed Drive #311, Emerald Isle, NC, 28594 earns from $2,441/mo rent with a $3,568/mo payment. Total monthly income totals $2,441/mo. ROI tracks 10.04% on current figures, and rental yield reads 4.02% at a $729,000 purchase. Equity gained on principal adds $4,704/yr, and 5% annual appreciation supports $201,409 over five years. Five-year ROI reaches 49.79% and total cumulative return in cash sums $119,424. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,441/mo property income instead of your personal income.
Condo
Built in 1986
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28594, Emerald Isle, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,083 (100%) |
| Owner Occupied HU | 1,611 (22.7%) |
| Renter Occupied HU | 300 ( 4.2%) |
| Vacant Housing Units | 5,172 (73.0%) |
| Median Home Value | $654,716 |
| Average Home Value | $686,816 |
Housing Distribution
Address Breakdown
Residential
2,858
Single Family
2,858
Multi-Family
0
Businesses
282
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Listed by: Dena Anbar • Century 21 Coastal Advantage
Mls Name: Hive MLS
Mls ID: #100520425