1032 Pirates Way UNIT 1032ManteoNC27954
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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 Manteo at 1032 Pirates Way UNIT 1032, Manteo, NC, 27954 listed at $629,000 pairs $2,611/mo rent with a $3,079/mo payment. Total monthly income runs $2,611/mo. Return on cash invested measures 12.97% in year one, and rental yield registers 4.98% at a $629,000 basis. Equity gained on principal adds $4,059/yr, and annual property appreciation at 5% supports $173,781 by year five. Five-year ROI tracks 65.48% and total cumulative return in cash totals $135,513. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,611/mo property income relative to a $3,079/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1992
N/A lot
$N/A/sqft
No HOA
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Listed by: Christie Baer • Pirates Cove Realty
Mls Name: OBAR
Mls Provider:
Mls ID: #126777
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