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 offers a 7.66% rental yield on a $334,000 purchase with $2,132/mo rent. Total monthly income registers $2,132/mo, and a $1,635/mo payment leaves $96/mo available for distribution. Annual cash flow reaches $1,154/yr on $110,721 to close, and return on cash invested stands at 20.95% in year one. Equity gained on principal adds $2,155/yr while 5% annual appreciation supports $92,278 over five years. Portfolio math shows five-year ROI at 108.35% and total cumulative return in cash at $119,970. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,132/mo property income against a $1,635/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1985
N/A lot
$N/A/sqft
No HOA
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Listed by: Caroline S Basnight • Basnight Realty
Mls Name: OBAR
Mls Provider:
Mls ID: #128219
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.