Robert Ruark Dr #YVSE9USouthportNC28461
Nearby investment properties with comparable rents
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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 Southport at Robert Ruark Dr #YVSE9U, Southport, NC, 28461 priced at $485,900 converts $3,042/mo rent into $81/mo cash flow after a $2,378/mo obligation. Total monthly income equals $3,042/mo, and annual cash flow totals $971/yr on $161,076 invested. Return on cash invested prints 20.51% in year one, and rental yield reads 7.51% against a $485,900 entry. Equity gained on principal adds $3,135/yr, while 5% annual appreciation compiles into $134,245 by year five. Five-year ROI reaches 105.94% and total cumulative return in cash sums $170,649. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,042/mo property income covering a $2,378/mo payment, not borrower’s personal income.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28461, Southport, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,314 (100%) |
| Owner Occupied HU | 11,104 (68.1%) |
| Renter Occupied HU | 1,964 (12.0%) |
| Vacant Housing Units | 3,246 (19.9%) |
| Median Home Value | $469,776 |
| Average Home Value | $516,669 |
Housing Distribution
Address Breakdown
Residential
13,317
Single Family
12,553
Multi-Family
764
Businesses
886
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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Mls ID: #N/A