1321 Ballast Point Dr UNIT 1321ManteoNC27954
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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 1321 Ballast Point Dr UNIT 1321, Manteo, NC, 27954 offers a 5.43% rental yield on a $694,000 purchase with $3,139/mo rent. 33% in year one. Equity gained on principal adds $4,478/yr while 5% annual appreciation supports $191,739 over five years. Portfolio math shows five-year ROI at 72.77% and total cumulative return in cash at $166,144. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,139/mo property income against a $3,397/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1998
N/A lot
$N/A/sqft
No HOA
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Listed by: Elizabeth Cloninger • Pirates Cove Realty
Mls Name: OBAR
Mls ID: #131394