70 Ballast Point Dr, Manteo, NC, 27954 | 3.5% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Manteo at 70 Ballast Point Dr, Manteo, NC, 27954 priced at $1,295,000 converts $3,776/mo rent into after a $6,338/mo obligation. Total monthly income equals $3,776/mo. Return on cash invested prints 8.6% in year one, and rental yield reads 3.5% against a $1,295,000 entry. Equity gained on principal adds $8,356/yr, while 5% annual appreciation compiles into $357,785 by year five. Five-year ROI reaches 41.96% and total cumulative return in cash sums $176,046. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,776/mo property income covering a $6,338/mo payment, not borrower’s personal income.

Single Family

Built in 1998

4,791 sqft lot

$N/A/sqft

No HOA