68 Widgeon Woods Rd LOT 1-2OcracokeNC27960
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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
Investment property for sale in Ocracoke at 68 Widgeon Woods Rd LOT 1-2, Ocracoke, NC, 27960 offers a 6.43% rental yield on a $795,000 purchase with $4,260/mo rent. 38% in year one. Equity gained on principal adds $5,130/yr while 5% annual appreciation supports $219,644 over five years. Portfolio math shows five-year ROI at 89.09% and total cumulative return in cash at $233,014. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,260/mo property income against a $3,891/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1995
2,613 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: Betty J Oelschlegel • Ocracoke's Lightship Realty
Mls Name: OBAR
Mls Provider:
Mls ID: #127448
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