123 Pirates Way #123AManteoNC27954
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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 123 Pirates Way #123A, Manteo, NC, 27954 offers a 6.11% rental yield on a $355,000 purchase with $1,808/mo rent. 28% in year one. Equity gained on principal adds $2,291/yr while 5% annual appreciation supports $98,080 over five years. Portfolio math shows five-year ROI at 83.25% and total cumulative return in cash at $97,968. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,808/mo property income against a $1,738/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1989
N/A lot
$N/A/sqft
No HOA
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Listed by: Dever M Clevinger • NextHome Tidewater Realty
Mls Name: OBAR
Mls Provider:
Mls ID: #127726
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