514 Pirates Way #514BManteoNC27954
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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 514 Pirates Way #514B, Manteo, NC, 27954 offers a 6.95% rental yield on a $449,900 purchase with $2,604/mo rent. 8% in year one. Equity gained on principal adds $2,903/yr while 5% annual appreciation supports $124,299 over five years. Portfolio math shows five-year ROI at 96.78% and total cumulative return in cash at $144,346. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,604/mo property income against a $2,202/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1990
N/A lot
$N/A/sqft
No HOA
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Listed by: Mike Kirk • OBX Cottages, LLC
Mls Name: OBAR
Mls ID: #131079