164 Lighthouse Rd LOT 1OcracokeNC27960
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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 164 Lighthouse Rd LOT 1, Ocracoke, NC, 27960 with 5% annual appreciation on a $750,000 basis while $1,280/mo rent supports operations. 06% in year one. Equity gained on principal adds $4,840/yr, and five-year appreciation sums $207,211 alongside rental yield of 2.05%. Five-year ROI measures 17.66% and total cumulative return in cash totals $43,578. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,280/mo property income versus a $3,671/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1900
0.52 Acres 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: Martha K Garrish • Village Realty Holdings dba Ocracoke Island Realty
Mls Name: OBAR
Mls Provider:
Mls ID: #124998
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