504 Lord Essex AveManteoNC27954
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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 504 Lord Essex Ave, Manteo, NC, 27954 priced at $915,000 converts $3,590/mo rent into after a $4,478/mo obligation. Total monthly income equals $3,590/mo. Return on cash invested prints 12.14% in year one, and rental yield reads 4.71% against a $915,000 entry. Equity gained on principal adds $5,904/yr, while 5% annual appreciation compiles into $252,798 by year five. Five-year ROI reaches 61.04% and total cumulative return in cash sums $183,737. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,590/mo property income covering a $4,478/mo payment, not borrower’s personal income.
Single Family
Built in 2018
N/A lot
$N/A/sqft
No HOA
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Listed by: Ann Taylor S Lusk • Coldwell Banker Seaside Realty KH
Mls Name: OBAR
Mls Provider:
Mls ID: #129146
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