402 N Bay Club Dr #402ManteoNC27954
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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 402 N Bay Club Dr #402, Manteo, NC, 27954 earns $26/mo cash flow from $2,921/mo rent with a $2,325/mo payment. Total monthly income totals $2,921/mo, and annual cash flow totals $312/yr on $157,463 capital. ROI tracks 20.11% on current figures, and rental yield reads 7.38% at a $475,000 purchase. Equity gained on principal adds $3,065/yr, and 5% annual appreciation supports $131,234 over five years. Five-year ROI reaches 103.77% and total cumulative return in cash sums $163,399. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,921/mo property income instead of your personal income.
Condo
Built in 2000
N/A lot
$N/A/sqft
No HOA
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Listed by: Barbara A Morgan • Harrell & Associates
Mls Name: OBAR
Mls Provider:
Mls ID: #127458
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.