106 Fearing Pl LOT 2ManteoNC27954
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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 Manteo at 106 Fearing Pl LOT 2, Manteo, NC, 27954 generates $4,586/mo in rent, after a $3,969/mo payment. Total monthly income is $4,586/mo. Return on cash invested sits at 18.46% in year one, and rental yield is 6.79% on a $811,000 entry. Equity gained on principal adds $5,233/yr, while 5% annual appreciation builds toward $224,064 over five years. Five-year ROI reaches 94.91% and total cumulative return in cash sums $253,229. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,586/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
0.47 Acres lot
$N/A/sqft
No HOA
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Listed by: Shane Collins & OBX Island Guys Team • SERHANT North Carolina LLC
Mls Name: OBAR
Mls ID: #130486