Silvermist Plan, Brook Ridge LaneSouthportNC28461
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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 Silvermist Plan, Brook Ridge Lane, Southport, NC, 28461 offers $1,360/mo rent that, after a $979/mo payment, leaves $141/mo cash flow. Total monthly income is $1,360/mo, and annual cash flow is $1,692/yr on $66,300 cash. Return on cash invested measures 22.46% in year one, and rental yield stands at 8.16% at a $200,000 entry. Equity gained on principal adds $1,291/yr while 5% annual appreciation compounds into $55,256 by year five. Five-year ROI records 116.41% and total cumulative return in cash reaches $77,180. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,360/mo property income versus a $979/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2026
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 • Logan Homes
Mls Name: Logan Homes
Mls Provider:
Mls ID: #N/A