140 Fearing Pl #63ManteoNC27954
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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 140 Fearing Pl #63, Manteo, NC, 27954 uses $229,971 cash to close to unlock $1,058/yr annual cash flow and $88/mo monthly cash flow. Total monthly income runs $4,348/mo, and a $3,421/mo payment keeps the spread at $88/mo. Purchase price stands at $699,000, and rental yield measures 7.46% with $4,348/mo rent. Return on cash invested shows 20.52% in year one, and 5% annual appreciation builds toward $193,121 over five years. Five-year ROI reaches 105.97% and total cumulative return in cash records $243,710. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $4,348/mo property income covering a $3,421/mo payment rather than investor’s personal income.
Single Family
Built in 2005
0.45 Acres lot
$N/A/sqft
No HOA
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Listed by: Heather T Vandermyde • Coldwell Banker Seaside Realty - KDH
Mls Name: OBAR
Mls ID: #130992