706 Wingina Ave LOT 11BManteoNC27954
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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
Rental property for sale in Manteo at 706 Wingina Ave LOT 11B, Manteo, NC, 27954 generates $2,612/mo in rent, after a $3,177/mo payment. Total monthly income is $2,612/mo. Return on cash invested sits at 12.51% in year one, and rental yield is 4.83% on a $649,000 entry. Equity gained on principal adds $4,188/yr, while 5% annual appreciation builds toward $179,307 over five years. Five-year ROI reaches 63.01% and total cumulative return in cash sums $134,532. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,612/mo property income rather than buyer’s personal income.
Single Family
Built in 2005
7,840 sqft lot
$N/A/sqft
No HOA
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Listed by: The VanderMyde Group Team • Coldwell Banker Seaside Realty - KDH
Mls Name: OBAR
Mls Provider:
Mls ID: #125361
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