113 E Altoona St #59Nags HeadNC27959
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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 Nags Head at 113 E Altoona St #59, Nags Head, NC, 27959 listed at $789,000 pairs $4,920/mo rent with a $3,862/mo payment to leave $111/mo cash flow. Total monthly income runs $4,920/mo, and annual cash flow reaches $1,334/yr on $259,581 cash to close. Return on cash invested measures 20.57% in year one, and rental yield registers 7.48% at a $789,000 basis. Equity gained on principal adds $5,091/yr, and annual property appreciation at 5% supports $217,986 by year five. Five-year ROI tracks 106.26% and total cumulative return in cash totals $275,830. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $4,920/mo property income relative to a $3,862/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1973
9,583 sqft 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
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Listed by: Amina R Sansotta • Howard Hanna Outer Banks Realty
Mls Name: OBAR
Mls Provider:
Mls ID: #126760
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