951 Corolla Dr LOT 60CorollaNC27927
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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 951 Corolla Dr LOT 60, Corolla, NC, 27927 earns from $3,143/mo rent with a $4,038/mo payment. Total monthly income totals $3,143/mo. ROI tracks 11.73% on current figures, and rental yield reads 4.57% at a $825,000 purchase. Equity gained on principal adds $5,324/yr, and 5% annual appreciation supports $227,932 over five years. Five-year ROI reaches 58.8% and total cumulative return in cash sums $159,597. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,143/mo property income instead of your personal income.
Single Family
Built in 1995
0.46 Acres 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: Stacey H Baittinger • Landmark Sotheby's International Realty
Mls Name: OBAR
Mls Provider:
Mls ID: #125971
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