183 Lighthouse Rd LOT 3OcracokeNC27960
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
Investment property for sale in Ocracoke at 183 Lighthouse Rd LOT 3, Ocracoke, NC, 27960 at $595,000 posts ROI 20.57% with $83/mo cash flow from $3,709/mo rent. Total monthly income equals $3,709/mo, and annual cash flow records $996/yr on $195,755 to close. Return on cash invested measures 20.57% and rental yield reads 7.48% at the current $595,000. Equity gained on principal adds $3,839/yr, and 5% annual appreciation supports $164,388 by year five. Five-year ROI prints 106.21% and total cumulative return in cash totals $207,914.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,709/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2007
8,712 sqft 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: Jennifer Esham • Ocracoke's Lightship Realty
Mls Name: OBAR
Mls Provider:
Mls ID: #127674
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.