1311 Ballast Point Dr #1311ManteoNC27954
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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
Total monthly income runs $2,678/mo, and a $3,323/mo payment. Purchase price stands at $679,000, and rental yield measures 4.73% with $2,678/mo rent. Return on cash invested shows 12.22% in year one, and 5% annual appreciation builds toward $187,595 over five years. Five-year ROI reaches 61.46% and total cumulative return in cash records $137,291. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,678/mo property income covering a $3,323/mo payment rather than investor’s personal income.
Condo
Built in 1998
N/A lot
$N/A/sqft
No HOA
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Listed by: Kristine M Bergin • Pirates Cove Realty
Mls Name: OBAR
Mls Provider:
Mls ID: #128179
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