OFF_MARKETRisky Deal2 days on market

502 Anika Way Lot 41

502 Anika Way Lot 41, Kill Devil Hills, NC 27948, Kill Devil Hills, NC 27948
$870,000
Zestimate®:$853,300

Listing Price

Property image 1
502 Anika Way Lot 41, Kill Devil Hills, NC 27948
Loc: Kill Devil Hills, NC
Days Listed
2
Zestimate®
$853k
Market Rate
Lot Size
9,583 sqft
Rent Estimate
$3,353/mo
Est. Cash Flow base
Type
single family

More Than Just a Property

We believe a home extends beyond its walls. That's why we help you explore the pulse of the community—from top-rated schools to essential emergency services. Your safety, well-being, and connection to the neighborhood matter to us.

4.9
Safety Score
A+
Schools

Nearby Schools

Educational options and performance ratings in the area.

4

First Flight Elementary School

PK-5
1.3 mi away
9

First Flight Middle School

6-8
1.2 mi away
1

Dare Learning Academy

9-12
1.1 mi away

Property Overview

A stunning investment opportunity in a prime location. This property features modern amenities, spacious living areas, and strong rental potential.

Features & Amenities

Open Floor PlanHardwood FloorsModern KitchenStainless Steel AppliancesCentral Heat/AirLarge BackyardParkingNear Transit

Haven AI Verdict

Recommendation
Pending...
Confidence Score: 0/10
Exercise caution due to potential market volatility.
Cap Rate
3.04%
Total ROI
4.9%
Cash Flow
$-2,196/mo
DSCR
0.50
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Data provided by Haven AI. Disclaimer

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10-Year Price Projection

Price & Tax History

Price History

DateEventPricePrice/sqft
2023-08-17Sold$864,615
2022-11-02Contingent$770,300
2022-11-01Listed for sale$770,300
Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
4
Baths
3
Sq Ft
2,028
Institutional Underwriting Ledger

Investment Numbers & Operating Model

Standardized cash flow underwriting modeled with state tax schedules, regional insurance hazard risk, and disciplined operating reserves.

Data Sources:MLS List Price: $870,000Rent Basis: Observed Comp Model ($3,353/mo)State Tax Benchmark: 0.8% (NC)Hazard Reserve: $254/mo
Haven ScoreRisky
0/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
2.41%

NOI: $20,974/yr

Cash-on-Cash Yield
-16.6%

On $200,100 invested

DSCR Ratio
0.39x

Negative debt coverage

5-Yr Leveraged ROI
+11.2%

Equity + cumulative cash

Financing Scenario Controls
Adjust down payment & rates to model your personalized return

Monthly Cash Flow Breakdown

Monthly Operating Deductions
Property Taxes (0.8% of basis)-$580/mo
Homeowner / Hazard Insurance-$254/mo
Vacancy Reserve (5% of rent)-$168/mo
Repairs & Maintenance (10% of rent)-$335/mo
Property Management (8% of rent)-$268/mo
Total Pure Operating Expenses-$1,605/mo
Net Investor Cash Flow
Gross Scheduled Rent+$3,353/mo
Less: Operating Expenses-$1,605/mo
Net Operating Income (NOI)+$1,748/mo
Less: Debt Service (30yr @ 6.75%)-$4,514/mo
Net Cash Flow
$-2,766/mo
$-33,197/year
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502 Anika Way Lot 41 | Kill Devil Hills, NC | Haven AI Analysis | Haven by ScoutHavens