107 W Gray Eagle St #213Nags HeadNC27959
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Nags Head at 107 W Gray Eagle St #213, Nags Head, NC, 27959 generates $2,912/mo in rent, after a $2,570/mo payment. Total monthly income is $2,912/mo. Return on cash invested sits at 18.06% in year one, and rental yield is 6.66% on a $525,000 entry. Equity gained on principal adds $3,388/yr, while 5% annual appreciation builds toward $145,048 over five years. Five-year ROI reaches 92.76% and total cumulative return in cash sums $160,221. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,912/mo property income rather than buyer’s personal income.
Condo
Built in 2008
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27959, Nags Head, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,475 (100%) |
| Owner Occupied HU | 1,199 (21.9%) |
| Renter Occupied HU | 294 ( 5.4%) |
| Vacant Housing Units | 3,982 (72.7%) |
| Median Home Value | $493,060 |
| Average Home Value | $578,025 |
Housing Distribution
Address Breakdown
Residential
1,241
Single Family
1,241
Multi-Family
0
Businesses
325
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Trish A Lusk • Century 21 Nachman Realty
Mls Name: OBAR
Mls ID: #129572