206 Barracuda DrNags 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 206 Barracuda Dr, Nags Head, NC, 27959 with 5% annual appreciation on a $599,900 basis while $4,920/mo rent supports operations. Total monthly income totals $4,920/mo and a $2,936/mo payment preserves $1,264/mo for cash returns. Annual cash flow comes to $15,169/yr on $197,367 deployed, and return on cash invested reaches 27.75% in year one. Equity gained on principal adds $3,871/yr, and five-year appreciation sums $165,741 alongside rental yield of 9.84%. Five-year ROI measures 144.73% and total cumulative return in cash totals $285,640.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $4,920/mo property income versus a $2,936/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2002
N/A 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: Jon Frederick • Long & Foster Real Estate Inc.
Mls Name: Long & Foster Broker Feed
Mls ID: #10614406