Norman Plan, Waterside TownhomesSurf CityNC28445
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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 Surf City at Norman Plan, Waterside Townhomes, Surf City, NC, 28445 uses $121,989 cash to close to unlock $5,537/yr annual cash flow and $461/mo monthly cash flow. Total monthly income runs $2,704/mo, and a $1,801/mo payment keeps the spread at $461/mo. Purchase price stands at $367,990, and rental yield measures 8.82% with $2,704/mo rent. Return on cash invested shows 24.45% in year one, and 5% annual appreciation builds toward $101,669 over five years. Five-year ROI reaches 127.08% and total cumulative return in cash records $155,026. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,704/mo property income covering a $1,801/mo payment rather than investor’s personal income.
Townhouse
Built in 2026
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28445, Holly Ridge, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,156 (100%) |
| Owner Occupied HU | 4,002 (39.4%) |
| Renter Occupied HU | 1,043 (10.3%) |
| Vacant Housing Units | 5,111 (50.3%) |
| Median Home Value | $376,587 |
| Average Home Value | $435,780 |
Housing Distribution
Address Breakdown
Residential
6,217
Single Family
6,134
Multi-Family
83
Businesses
499
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Listed by: N/A • D.R. Horton
Mls Name: DR Horton
Mls Provider:
Mls ID: #N/A