522 Pirates Way #522DManteoNC27954
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 522 Pirates Way #522D, Manteo, NC, 27954 generates $3,125/mo in rent, after a $2,876/mo payment. Total monthly income is $3,125/mo. Return on cash invested sits at 17.23% in year one, and rental yield is 6.38% on a $587,500 entry. Equity gained on principal adds $3,791/yr, while 5% annual appreciation builds toward $162,315 over five years. Five-year ROI reaches 88.31% and total cumulative return in cash sums $170,687. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,125/mo property income rather than buyer’s personal income.
Condo
Built in 1990
N/A lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brook R Sparks • Coldwell Banker Seaside Realty KH
Mls Name: OBAR
Mls Provider:
Mls ID: #129969
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.