202 W Lost Colony Dr LOT 2Nags 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 202 W Lost Colony Dr LOT 2, Nags Head, NC, 27959 at $449,900 posts ROI 20.67% with $95/mo cash flow from $2,837/mo rent. Total monthly income equals $2,837/mo, and annual cash flow records $1,141/yr on $149,142 to close. Return on cash invested measures 20.67% and rental yield reads 7.57% at the current $449,900. Equity gained on principal adds $2,903/yr, and 5% annual appreciation supports $124,299 by year five. Five-year ROI prints 106.84% and total cumulative return in cash totals $159,346.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,837/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1992
6,098 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: Susan H Sullivan Rainwater • Sun Realty - Kitty Hawk / Currituck
Mls Name: OBAR
Mls Provider:
Mls ID: #126301
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.