85 Nubbins Rdg LOT 4COcracokeNC27960
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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 85 Nubbins Rdg LOT 4C, Ocracoke, NC, 27960 with 5% annual appreciation on a $450,000 basis while $1,555/mo rent supports operations. 35% in year one. Equity gained on principal adds $2,904/yr, and five-year appreciation sums $124,327 alongside rental yield of 4.15%. Five-year ROI measures 51.45% and total cumulative return in cash totals $76,758. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,555/mo property income versus a $2,203/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 1998
0.28 Acres 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 ID: #129949