17 Mashoes Rd #2-3Manns HarborNC27953
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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 Manns Harbor at 17 Mashoes Rd #2-3, Manns Harbor, NC, 27953 offers a 6.88% rental yield on a $360,000 purchase with $2,065/mo rent. 61% in year one. Equity gained on principal adds $2,323/yr while 5% annual appreciation supports $99,461 over five years. Portfolio math shows five-year ROI at 95.75% and total cumulative return in cash at $114,273. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,065/mo property income against a $1,762/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1980
2.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27953, Manns Harbor, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 553 (100%) |
| Owner Occupied HU | 310 (56.1%) |
| Renter Occupied HU | 119 (21.5%) |
| Vacant Housing Units | 124 (22.4%) |
| Median Home Value | $313,043 |
| Average Home Value | $351,879 |
Housing Distribution
Address Breakdown
Residential
226
Single Family
226
Multi-Family
0
Businesses
32
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Listed by: Lori B London • Outer Banks Beach Rentals & Sa
Mls Name: OBAR
Mls Provider:
Mls ID: #122668
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.