1073 Driftwood DrManteoNC27954
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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 1073 Driftwood Dr, Manteo, NC, 27954 listed at $165,000 pairs $1,652/mo rent with a $808/mo payment to leave $646/mo cash flow. Total monthly income runs $1,652/mo, and annual cash flow reaches $7,752/yr on $54,698 cash to close. Return on cash invested measures 34.08% in year one, and rental yield registers 12.01% at a $165,000 basis. Equity gained on principal adds $1,065/yr, and annual property appreciation at 5% supports $45,586 by year five. Five-year ROI tracks 178.73% and total cumulative return in cash totals $97,763. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,652/mo property income relative to a $808/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1970
7,000 sqft lot
$N/A/sqft
No HOA
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Listed by: Bobby L Tolson • Century 21 Nachman Realty
Mls Name: OBAR
Mls Provider:
Mls ID: #129592
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