11 Trent Dr LOT 4 & 1OcracokeNC27960
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 Ocracoke at 11 Trent Dr LOT 4 & 1, Ocracoke, NC, 27960 generates $1,375/mo in rent, after a $3,622/mo payment. Total monthly income is $1,375/mo. Return on cash invested sits at 4.61% in year one, and rental yield is 2.23% on a $740,000 entry. Equity gained on principal adds $4,775/yr, while 5% annual appreciation builds toward $204,448 over five years. Five-year ROI reaches 20.62% and total cumulative return in cash sums $50,206. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,375/mo property income rather than buyer’s personal income.
Single Family
Built in 1980
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Martha K Garrish • Village Realty Holdings dba Ocracoke Island Realty
Mls Name: OBAR
Mls ID: #130628