119 Forest Ave LOT 5ManteoNC27954
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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 119 Forest Ave LOT 5, Manteo, NC, 27954 priced at $539,000 pairs $2,400/mo rent with after a $2,638/mo payment. Total monthly income equals $2,400/mo. Return on cash invested is 14.07% in year one, and rental yield stands at 5.34% on a $539,000 basis. Equity gained on principal adds $3,478/yr, and 5% annual appreciation accumulates to $148,916 by year five. Five-year ROI measures 71.41% and total cumulative return in cash reaches $126,624. For financing, Ziffy Mortgage’s DSCR program evaluates $2,400/mo property income against a $2,638/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2000
0.41 Acres lot
$N/A/sqft
No HOA
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Listed by: Trisha M Midgett • Midgett Realty - Rodanthe
Mls Name: OBAR
Mls Provider:
Mls ID: #127029
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.