Grand Bahama Plan, Hickmans CrossingCalabashNC28467
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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 Calabash at Grand Bahama Plan, Hickmans Crossing, Calabash, NC, 28467 priced at $269,990 converts $2,431/mo rent into $786/mo cash flow after a $1,321/mo obligation. Total monthly income equals $2,431/mo, and annual cash flow totals $9,432/yr on $89,502 invested. Return on cash invested prints 30.45% in year one, and rental yield reads 10.8% against a $269,990 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation compiles into $74,593 by year five. Five-year ROI reaches 159.28% and total cumulative return in cash sums $142,558. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,431/mo property income covering a $1,321/mo payment, not borrower’s personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28467, Calabash, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,292 (100%) |
| Owner Occupied HU | 6,592 (70.9%) |
| Renter Occupied HU | 687 ( 7.4%) |
| Vacant Housing Units | 2,013 (21.7%) |
| Median Home Value | $327,364 |
| Average Home Value | $376,740 |
Housing Distribution
Address Breakdown
Residential
8,714
Single Family
8,225
Multi-Family
489
Businesses
254
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Listed by: N/A • Ryan Homes
Mls Name: Ryan Homes
Mls Provider:
Mls ID: #N/A