3165 Caratoke Hwy LOT NACurrituckNC27929
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 Currituck at 3165 Caratoke Hwy LOT NA, Currituck, NC, 27929 earns $1,061/mo cash flow from $2,396/mo rent with a $1,072/mo payment. Total monthly income totals $2,396/mo, and annual cash flow totals $12,734/yr on $72,599 capital. ROI tracks 37.45% on current figures, and rental yield reads 13.13% at a $219,000 purchase. Equity gained on principal adds $1,413/yr, and 5% annual appreciation supports $60,506 over five years. Five-year ROI reaches 196.83% and total cumulative return in cash sums $142,893. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,396/mo property income instead of your personal income.
Manufactured
Built in 1995
1.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27929, Currituck, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,212 (100%) |
| Owner Occupied HU | 1,028 (84.8%) |
| Renter Occupied HU | 91 ( 7.5%) |
| Vacant Housing Units | 93 ( 7.7%) |
| Median Home Value | $386,126 |
| Average Home Value | $448,570 |
Housing Distribution
Address Breakdown
Residential
737
Single Family
737
Multi-Family
0
Businesses
35
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Heather T Vandermyde • Coldwell Banker Seaside Realty - KDH
Mls Name: OBAR
Mls Provider:
Mls ID: #125791
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.