903 Windward Way LOT 15CorollaNC27927
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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 903 Windward Way LOT 15, Corolla, NC, 27927 offers a 10.5% rental yield on a $830,000 purchase with $7,264/mo rent. Total monthly income registers $7,264/mo, and a $4,062/mo payment leaves $2,206/mo available for distribution. Annual cash flow reaches $26,472/yr on $273,070 to close, and return on cash invested stands at 29.75% in year one. Equity gained on principal adds $5,356/yr while 5% annual appreciation supports $229,314 over five years. Portfolio math shows five-year ROI at 155.47% and total cumulative return in cash at $424,542. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $7,264/mo property income against a $4,062/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1994
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: Christian A Lawrence • SAGA Realty and Construction
Mls Name: OBAR
Mls ID: #129349