19 Croatan Ct UNIT 19ManteoNC27954
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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
Rental property for sale in Manteo at 19 Croatan Ct UNIT 19, Manteo, NC, 27954 priced at $295,000 pairs $2,698/mo rent with $900/mo cash flow after a $1,444/mo payment. Total monthly income equals $2,698/mo, and annual cash flow comes to $10,800/yr on $97,793 invested. Return on cash invested is 30.95% in year one, and rental yield stands at 10.97% on a $295,000 basis. Equity gained on principal adds $1,904/yr, and 5% annual appreciation accumulates to $81,503 by year five. Five-year ROI measures 161.92% and total cumulative return in cash reaches $158,342. For financing, Ziffy Mortgage’s DSCR program evaluates $2,698/mo property income against a $1,444/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1986
N/A lot
$N/A/sqft
No HOA
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Listed by: Elizabeth B Twyne • Carolina Dunes Real Estate
Mls Name: OBAR
Mls Provider:
Mls ID: #124654
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.