721 Pirates Way #721ManteoNC27954
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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 721 Pirates Way #721, Manteo, NC, 27954 generates $2,778/mo in rent, after a $2,800/mo payment. Total monthly income is $2,778/mo. Return on cash invested sits at 15.54% in year one, and rental yield is 5.83% on a $571,999 entry. Equity gained on principal adds $3,691/yr, while 5% annual appreciation builds toward $158,033 over five years. Five-year ROI reaches 79.28% and total cumulative return in cash sums $149,189. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,778/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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Nearby investment properties with comparable prices
Listed by: Charles Rocknak • Beach Realty & Construction
Mls Name: OBAR
Mls ID: #131105