58 Howard StOcracokeNC27960
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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 58 Howard St, Ocracoke, NC, 27960 offers $0/mo rent that, after a $2,203/mo payment. Total monthly income is $0/mo. Return on cash invested measures -2.16% in year one, and rental yield stands at 0% at a $450,000 entry. Equity gained on principal adds $2,904/yr while 5% annual appreciation compounds into $124,327 by year five. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $0/mo property income versus a $2,203/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1969
5,227 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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No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Ruth A Fordon • Ocracoke's Lightship Realty
Mls Name: OBAR
Mls ID: #130940