804 Lindsey Ln LOT 24,Manteo,NC,27954

Investment Highlights

Investment property for sale in Manteo at 804 Lindsey Ln LOT 24, Manteo, NC, 27954 listed at $439,950 pairs $2,845/mo rent with a $2,153/mo payment to leave $164/mo cash flow. Total monthly income runs $2,845/mo, and annual cash flow reaches $1,969/yr on $145,843 cash to close. Return on cash invested measures 21.26% in year one, and rental yield registers 7.76% at a $439,950 basis. Equity gained on principal adds $2,839/yr, and annual property appreciation at 5% supports $121,550 by year five. Five-year ROI tracks 109.99% and total cumulative return in cash totals $160,410. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,845/mo property income relative to a $2,153/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).