Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Copied
Photo
Copied
Photo
Photo
Photo
Photo
See all photos

$1,100,000

For Sale - Active
144 Tuna Dr, Holden Beach, NC 28462
3 Beds
2 Baths
1,944 Square Feet
0.11 Acres Lot
Built in 1985
For Sale - Active
Units n/a
Checked: 12 hours ago
Updated: Jul 25, 2025 at 05:21AM

Investment Summary


Monthly Cash Flow
-$2,720
Cap Rate
2.7%
Cash-on-Cash Return
-12.9%
Debt Coverage Ratio
0.48
Internal Rate of Return (5 years)
-8.5%

Property Description


0.11 Acres Lot
Built in 1985
For Sale - Active
Units n/a

This charming canal home has been recently updated and is fully furnished, awaiting your buyer. It's all set for docking a boat and enjoying summertime on the water. The beach is just a short walk away for those days away from the canal. The living space features 3 bedrooms and 2 bathrooms. The first floor boasts a spacious great room with panoramic views of the canal, accessible from the kitchen, dining, or living areas. There's also a cozy sitting area on the second floor. The enclosed basement serves as a recreation room, complete with a pool table and TV. Front and back porches, along with decks, enhance the home's charm. Additionally, there's a lift to facilitate the transport of items into the house.

Build Your Team


Quickly find investor-friendly professionals who can help you succeed in real estate investing at any stage of the investing journey.

Avatar
Avatar
Avatar

Agents

Match with investor-friendly agents who can help you find, analyze, and close your next deal

Find an Agent
Avatar
Avatar
Avatar

Lenders

Get the best funding…find investor-friendly lenders who specialize in your deal strategy

Find a Lender
Avatar
Avatar
Avatar

Property Managers

Transition to passive investing. Find a trusted property management partnership that lasts.

Find a Property Manager
Avatar
Avatar
Avatar

Tax Pros & Accountants

Taxes and financial reporting made easy—find experts to create tax savings strategies, file taxes, and more

Find a Tax Pro

Location


Property Details


Parking

  • Description: Dirt, Off Street, On Site, Garage Faces Front
  • Details: Garage Faces Front, Unpaved, Off Street, On Site
  • Garage Spaces: 0
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 2
  • # of Baths (Total): 2.0

Interior Features

  • # of Rooms: 6
  • # of Stories: 2

Exterior Features

  • Exterior Walls Materials: Wood Shingle
  • Foundation: Other
  • Roof Type: Gable
  • Roof Material: Composition

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 246AD008
  • Lot Size: 4835 sqft

Property Information

  • Property Type: Single Family Residence
  • Year Built: 1985

Tax Information

  • Annual Tax: $2,462

Utilities

  • Water & Sewer: Public
  • Heating: Electric, Heat Pump
  • Cooling: Central Air

Location

  • County: Brunswick

Listing Details


Listed by:
Mary B Overocker
Coastal Development & Realty
(910) 470-7653

Source:
Hive MLS (North Carolina Regional)
MLS#: 100437892
Hive MLS (North Carolina Regional)

Investment Summary


Monthly Cash Flow
-$2,720
Cap Rate
2.7%
Cash-on-Cash Return
-12.9%
Debt Coverage Ratio
0.48
Internal Rate of Return (5 years)
-8.5%

Purchase Details

Find an Agent

Purchase price:
$1,100,000
Amount financed:
-$880,000
Down payment:
$220,000
Closing costs:
$33,000
Rehab costs:
$0
Initial cash invested:
$253,000
Square feet:
1,944
Cost per square foot:
$566
Monthly rent per square foot:
$2.01

Financing Details

Find a Lender

Loan amount:
$880,000
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
5.875%
Principal & interest:
$5,206
Property tax:
$205
Insurance:
$273
Private mortgage insurance (PMI):
$0
Monthly payment:
$5,684

Operating Income

Find a Property Manager

% Rent Monthly Yearly
Gross rent:
$3,900 $46,800
Vacancy loss: (6%)
6% -$234 -$2,808
Operating income:
$3,666 $43,992

Operating Expenses


% Rent Monthly Yearly
Property taxes: (5%)
5%-$205-$2,462
Insurance: (7%)
7%-$273-$3,276
Property management: (8%)
8%-$312-$3,744
Repairs & maintenance: (5%)
5%-$195-$2,340
Capital expenditures: (5%)
5%-$195-$2,340
HOA fees: (n/a)
n/an/an/a
Total operating expenses: (30%)
30%-$1,180-$14,162

Cash Flow


Monthly Yearly
Net operating income:
$2,486 $29,832
Mortgage payments:
-$5,206 -$62,472
Cash flow:
$2,720 $32,640