984 Cruz Bay CtCorollaNC27927
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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 984 Cruz Bay Ct, Corolla, NC, 27927 offers a 4.03% rental yield on a $1,845,000 purchase with $6,192/mo rent. 23% in year one. Equity gained on principal adds $11,905/yr while 5% annual appreciation supports $509,739 over five years. Portfolio math shows five-year ROI at 50.7% and total cumulative return in cash at $303,063. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $6,192/mo property income against a $9,030/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
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: N/A • EXP Realty, LLC - Coastal
Mls Name: eXp Realty
Mls ID: #131502