881 Island RoadHarkers IslandNC28531
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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
Rental property for sale in Harkers Island at 881 Island Road, Harkers Island, NC, 28531 priced at $409,900 pairs $1,666/mo rent with after a $2,006/mo payment. Total monthly income equals $1,666/mo. Return on cash invested is 12.56% in year one, and rental yield stands at 4.88% on a $409,900 basis. Equity gained on principal adds $2,645/yr, and 5% annual appreciation accumulates to $113,248 by year five. Five-year ROI measures 63.35% and total cumulative return in cash reaches $86,080. For financing, Ziffy Mortgage’s DSCR program evaluates $1,666/mo property income against a $2,006/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 2008
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28531, Harkers Island, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,225 (100%) |
| Owner Occupied HU | 484 (39.5%) |
| Renter Occupied HU | 78 ( 6.4%) |
| Vacant Housing Units | 663 (54.1%) |
| Median Home Value | $328,472 |
| Average Home Value | $381,674 |
Housing Distribution
Address Breakdown
Residential
546
Single Family
546
Multi-Family
0
Businesses
40
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Listed by: Tim L White • Tim White & Associates, LLC
Mls Name: Hive MLS
Mls ID: #100540418