424 Pirates Way #424A,Manteo,NC,27954

Investment Highlights

Rental property for sale in Manteo at 424 Pirates Way #424A, Manteo, NC, 27954 generates $1,948/mo in rent and, after a $1,542/mo payment, leaves $28/mo in cash flow. Total monthly income is $1,948/mo, and annual cash flow is $336/yr on $104,423 invested. Return on cash invested sits at 20.23% in year one, and rental yield is 7.42% on a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation builds toward $87,029 over five years. Five-year ROI reaches 104.43% and total cumulative return in cash sums $109,049. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,948/mo property income rather than buyer’s personal income.