978 Ocean Forest Ct LOT 184CorollaNC27927
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 978 Ocean Forest Ct LOT 184, Corolla, NC, 27927 earns from $4,410/mo rent with a $6,603/mo payment. Total monthly income totals $4,410/mo. ROI tracks 9.9% on current figures, and rental yield reads 3.92% at a $1,349,000 purchase. Equity gained on principal adds $8,705/yr, and 5% annual appreciation supports $372,704 over five years. Five-year ROI reaches 48.97% and total cumulative return in cash sums $214,047. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $4,410/mo property income instead of your personal income.
Single Family
Built in 2000
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Heather J McLay • Landmark Sotheby's International Realty
Mls Name: OBAR
Mls Provider:
Mls ID: #125754
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.