660 Irvin Garrish HwyOcracokeNC27960
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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
Total monthly income runs $3,857/mo, and a $4,283/mo payment. Purchase price stands at $875,000, and rental yield measures 5.29% with $3,857/mo rent. Return on cash invested shows 13.91% in year one, and 5% annual appreciation builds toward $241,746 over five years. Five-year ROI reaches 70.49% and total cumulative return in cash records $202,931. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,857/mo property income covering a $4,283/mo payment rather than investor’s personal income.
Single Family
Built in 1940
N/A 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 Provider:
Mls ID: #126419
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