Engage Plan, Groves at SouthportSouthportNC28461
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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 Southport at Engage Plan, Groves at Southport, Southport, NC, 28461 uses $107,373 cash to close to unlock $8,704/yr annual cash flow and $725/mo monthly cash flow. Total monthly income runs $2,699/mo, and a $1,585/mo payment keeps the spread at $725/mo. Purchase price stands at $323,900, and rental yield measures 10% with $2,699/mo rent. Return on cash invested shows 28.02% in year one, and 5% annual appreciation builds toward $89,488 over five years. Five-year ROI reaches 146.2% and total cumulative return in cash records $156,975. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,699/mo property income covering a $1,585/mo payment rather than investor’s personal income.
Single Family
Built in 2025
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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Listed by: N/A • Dream Finders Homes
Mls Name: Dream Finders Homes
Mls Provider:
Mls ID: #N/A