703 Francis Drake StManteoNC27954
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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 703 Francis Drake St, Manteo, NC, 27954 with 5% annual appreciation on a $398,000 basis while $2,761/mo rent supports operations. Total monthly income totals $2,761/mo and a $1,948/mo payment preserves $335/mo for cash returns. Annual cash flow comes to $4,025/yr on $131,937 deployed, and return on cash invested reaches 22.96% in year one. Equity gained on principal adds $2,568/yr, and five-year appreciation sums $109,960 alongside rental yield of 8.32%. Five-year ROI measures 119.09% and total cumulative return in cash totals $157,128.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,761/mo property income versus a $1,948/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2005
1 sqft lot
$N/A/sqft
No HOA
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