11 Croatan Ct UNIT 11ManteoNC27954
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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 11 Croatan Ct UNIT 11, Manteo, NC, 27954 priced at $258,000 converts $2,525/mo rent into $952/mo cash flow after a $1,263/mo obligation. Total monthly income equals $2,525/mo, and annual cash flow totals $11,429/yr on $85,527 invested. Return on cash invested prints 33.27% in year one, and rental yield reads 11.74% against a $258,000 entry. Equity gained on principal adds $1,665/yr, while 5% annual appreciation compiles into $71,281 by year five. Five-year ROI reaches 174.4% and total cumulative return in cash sums $149,162. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,525/mo property income covering a $1,263/mo payment, not borrower’s personal income.
Condo
Built in 1986
871.20 sqft lot
$N/A/sqft
No HOA
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Listed by: James S Martin • J. S. Martin & Company, Inc.
Mls Name: OBAR
Mls Provider:
Mls ID: #126597
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