902-C S Virginia Dare Trl UNIT 302Kill 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
Rental property for sale in Kill Devil Hills at 902-C S Virginia Dare Trl UNIT 302, Kill Devil Hills, NC, 27948 generates $3,240/mo in rent, after a $3,056/mo payment. Total monthly income is $3,240/mo. Return on cash invested sits at 16.76% in year one, and rental yield is 6.23% on a $624,440 entry. Equity gained on principal adds $4,029/yr, while 5% annual appreciation builds toward $172,521 over five years. Five-year ROI reaches 85.78% and total cumulative return in cash sums $176,237. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,240/mo property income rather than buyer’s personal income.
Townhouse
Built in 2023
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: Mary K Murphy • Outer Banks Realty Group
Mls Name: OBAR
Mls ID: #130049