117 Old State Highway 345 #301ManteoNC27954
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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 117 Old State Highway 345 #301, Manteo, NC, 27954 uses $109,362 cash to close to unlock $1,657/yr annual cash flow and $138/mo monthly cash flow. Total monthly income runs $2,149/mo, and a $1,615/mo payment keeps the spread at $138/mo. Purchase price stands at $329,900, and rental yield measures 7.82% with $2,149/mo rent. Return on cash invested shows 21.42% in year one, and 5% annual appreciation builds toward $91,145 over five years. Five-year ROI reaches 110.88% and total cumulative return in cash records $121,263. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,149/mo property income covering a $1,615/mo payment rather than investor’s personal income.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
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Listed by: Ashley Contristan • Keller Williams - Outer Banks
Mls Name: OBAR
Mls Provider:
Mls ID: #123914
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