310 Back Rd LOT 2OcracokeNC27960
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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
Rental property for sale in Ocracoke at 310 Back Rd LOT 2, Ocracoke, NC, 27960 priced at $295,000 pairs $1,972/mo rent with $174/mo cash flow after a $1,444/mo payment. Total monthly income equals $1,972/mo, and annual cash flow comes to $2,088/yr on $97,793 invested. Return on cash invested is 22.04% in year one, and rental yield stands at 8.02% on a $295,000 basis. Equity gained on principal adds $1,904/yr, and 5% annual appreciation accumulates to $81,503 by year five. Five-year ROI measures 114.15% and total cumulative return in cash reaches $111,626. For financing, Ziffy Mortgage’s DSCR program evaluates $1,972/mo property income against a $1,444/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 2023
7,405 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
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Listed by: Bill Rich • The Rich Company of Ocracoke/OBX
Mls Name: OBAR
Mls Provider:
Mls ID: #126881
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.