1015 Irvin Garrish Hwy LOT 5OcracokeNC27960
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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 Ocracoke at 1015 Irvin Garrish Hwy LOT 5, Ocracoke, NC, 27960 earns from $1,291/mo rent with a $2,770/mo payment. Total monthly income totals $1,291/mo. ROI tracks 6.15% on current figures, and rental yield reads 2.74% at a $566,000 purchase. Equity gained on principal adds $3,652/yr, and 5% annual appreciation supports $156,375 over five years. Five-year ROI reaches 28.9% and total cumulative return in cash sums $53,825. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,291/mo property income instead of your personal income.
Single Family
Built in 1983
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27960, Ocracoke, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 956 (100%) |
| Owner Occupied HU | 294 (30.8%) |
| Renter Occupied HU | 82 ( 8.6%) |
| Vacant Housing Units | 580 (60.7%) |
| Median Home Value | $627,246 |
| Average Home Value | $633,588 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
154
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Listed by: Stephanie Doshier • The Doshier Team, LLC dba The Doshier Team OBX Realty
Mls Name: OBAR
Mls Provider:
Mls ID: #125030
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.