CARRINGTON II-A WITH UPSTAIRS Plan, Water OakKill Devil HillsNC27948
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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 Kill Devil Hills at CARRINGTON II-A WITH UPSTAIRS Plan, Water Oak, Kill Devil Hills, NC, 27948 priced at $697,300 converts $4,020/mo rent into after a $3,413/mo obligation. Total monthly income equals $4,020/mo. Return on cash invested prints 18.6% in year one, and rental yield reads 6.92% against a $697,300 entry. Equity gained on principal adds $4,500/yr, while 5% annual appreciation compiles into $192,651 by year five. Five-year ROI reaches 95.75% and total cumulative return in cash sums $219,668. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $4,020/mo property income covering a $3,413/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
$50 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27948, Kill Devil Hills, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,396 (100%) |
| Owner Occupied HU | 4,212 (40.5%) |
| Renter Occupied HU | 1,474 (14.2%) |
| Vacant Housing Units | 4,710 (45.3%) |
| Median Home Value | $412,266 |
| Average Home Value | $464,955 |
Housing Distribution
Address Breakdown
Residential
6,568
Single Family
6,568
Multi-Family
0
Businesses
538
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Listed by: N/A • SAGA Realty & Construction
Mls Name: SAGA Construction & Development
Mls ID: #N/A