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OFF_MARKETRisky Deal87 days on market

3102 Bay Dr Lot 9-11

3102 Bay Dr Lot 9-11, Kill Devil Hills, NC 27948, Kill Devil Hills, NC 27948
$850,000
Zestimate®:$794,700

Listing Price

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3102 Bay Dr Lot 9-11, Kill Devil Hills, NC 27948
Loc: Kill Devil Hills, NC
Days Listed
87
Zestimate®
$795k
Market Rate
Lot Size
0.33 acres
Rent Estimate
$2,466/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.

6

Nags Head Elementary School

PK-5
5.6 mi away
9

First Flight Middle School

6-8
3 mi away
7

First Flight High School

9-12
2.8 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
1.53%
Total ROI
-7.9%
Cash Flow
$-3,326/mo
DSCR
0.25
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10-Year Price Projection

Nathaniel Pitchon-Getzels Logo
Getzels Group
Haven Team
CalRE #01884947
Call / Text
818.535.5337

Property Specs

Beds
3
Baths
3
Sq Ft
1,650
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: $850,000Rent Basis: Observed Comp Model ($2,466/mo)State Tax Benchmark: 0.8% (NC)Hazard Reserve: $248/mo
Haven ScoreRisky
0/ 10

Multi-factor yield grade

Cap Rate (Unleveraged)
1.53%

NOI: $13,010/yr

Cash-on-Cash Yield
-20.4%

On $195,500 invested

DSCR Ratio
0.25x

Negative debt coverage

5-Yr Leveraged ROI
+-7.9%

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)-$567/mo
Homeowner / Hazard Insurance-$248/mo
Vacancy Reserve (5% of rent)-$123/mo
Repairs & Maintenance (10% of rent)-$247/mo
Property Management (8% of rent)-$197/mo
Total Pure Operating Expenses-$1,382/mo
Net Investor Cash Flow
Gross Scheduled Rent+$2,466/mo
Less: Operating Expenses-$1,382/mo
Net Operating Income (NOI)+$1,084/mo
Less: Debt Service (30yr @ 6.75%)-$4,410/mo
Net Cash Flow
$-3,326/mo
$-39,916/year
Underwrite with Acquisition CalculatorsTransfer this property's exact numbers into dedicated underwriting tools:
DSCR Tool
Loan qualification
Rental Cash Flow
6-month reserves
Leveraged ROI
10-year compounding
Deal Scorecard
1% Rule test
Pure NOI
Operating ratios

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3102 Bay Dr Lot 9-11 | Kill Devil Hills, NC | Haven AI Analysis | Haven by ScoutHavens