503 Cypress Ln #EManteoNC27954
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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 503 Cypress Ln #E, Manteo, NC, 27954 listed at $369,000 pairs $3,065/mo rent with a $1,806/mo payment to leave $816/mo cash flow. Total monthly income runs $3,065/mo, and annual cash flow reaches $9,794/yr on $122,324 cash to close. Return on cash invested measures 27.92% in year one, and rental yield registers 9.97% at a $369,000 basis. Equity gained on principal adds $2,381/yr, and annual property appreciation at 5% supports $101,948 by year five. Five-year ROI tracks 145.67% and total cumulative return in cash totals $178,191. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,065/mo property income relative to a $1,806/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 2007
N/A lot
$N/A/sqft
No HOA
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Listed by: Tammy T Johnson • Island Life Realty
Mls Name: OBAR
Mls Provider:
Mls ID: #128820
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