117 Old State Highway 345 #204ManteoNC27954
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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 117 Old State Highway 345 #204, Manteo, NC, 27954 generates $2,156/mo in rent and, after a $1,591/mo payment, leaves $175/mo in cash flow. Total monthly income is $2,156/mo, and annual cash flow is $2,100/yr on $107,738 invested. Return on cash invested sits at 21.86% in year one, and rental yield is 7.96% on a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 113.15% and total cumulative return in cash sums $121,909. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,156/mo property income rather than buyer’s personal income.
Condo
Built in 1985
871.20 sqft lot
$N/A/sqft
No HOA
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Listed by: Tammy R Russell • Keller Williams - Outer Banks
Mls Name: OBAR
Mls Provider:
Mls ID: #128232
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.