45 Lumpys Rd LOT 3OcracokeNC27960
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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 45 Lumpys Rd LOT 3, Ocracoke, NC, 27960 priced at $550,000 converts $1,093/mo rent into after a $2,692/mo obligation. Total monthly income equals $1,093/mo. Return on cash invested prints 5.08% in year one, and rental yield reads 2.38% against a $550,000 entry. Equity gained on principal adds $3,549/yr, while 5% annual appreciation compiles into $151,955 by year five. Five-year ROI reaches 23.15% and total cumulative return in cash sums $41,890. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,093/mo property income covering a $2,692/mo payment, not borrower’s personal income.
Single Family
Built in 1995
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
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Listed by: Martha K Garrish • Village Realty Holdings dba Ocracoke Island Realty
Mls Name: OBAR
Mls ID: #131052