712 Pirates Way UNIT 712ManteoNC27954
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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 712 Pirates Way UNIT 712, Manteo, NC, 27954 generates $2,615/mo in rent, after a $2,716/mo payment. Total monthly income is $2,615/mo. Return on cash invested sits at 15.02% in year one, and rental yield is 5.65% on a $555,000 entry. Equity gained on principal adds $3,581/yr, while 5% annual appreciation builds toward $153,336 over five years. Five-year ROI reaches 76.46% and total cumulative return in cash sums $139,604. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,615/mo property income rather than buyer’s personal income.
Condo
Built in 1995
N/A lot
$N/A/sqft
No HOA
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Listed by: Heather T Vandermyde • Coldwell Banker Seaside Realty - KDH
Mls Name: OBAR
Mls Provider:
Mls ID: #126073
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