525 Pirates Way UNIT 525ManteoNC27954
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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 525 Pirates Way UNIT 525, Manteo, NC, 27954 listed at $575,000 pairs $3,235/mo rent with a $2,814/mo payment. Total monthly income runs $3,235/mo. Return on cash invested measures 18.35% in year one, and rental yield registers 6.75% at a $575,000 basis. Equity gained on principal adds $3,710/yr, and annual property appreciation at 5% supports $158,862 by year five. Five-year ROI tracks 94.33% and total cumulative return in cash totals $178,451. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,235/mo property income relative to a $2,814/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Condo
Built in 1990
1,306 sqft lot
$N/A/sqft
No HOA
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Listed by: Sandy L English • English Realty Group, LLC
Mls Name: OBAR
Mls ID: #131575