117 Old State Highway 345 #203,Manteo,NC,27954

Investment Highlights

Rental property for sale in Manteo at 117 Old State Highway 345 #203, Manteo, NC, 27954 generates $2,222/mo in rent and, after a $1,609/mo payment, leaves $218/mo in cash flow. Total monthly income is $2,222/mo, and annual cash flow is $2,622/yr on $108,981 invested. Return on cash invested sits at 22.31% in year one, and rental yield is 8.11% on a $328,750 entry. Equity gained on principal adds $2,121/yr, while 5% annual appreciation builds toward $90,828 over five years. Five-year ROI reaches 115.64% and total cumulative return in cash sums $126,026. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,222/mo property income rather than buyer’s personal income.