807 Back Bay Rd LOT 30ManteoNC27954
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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 807 Back Bay Rd LOT 30, Manteo, NC, 27954 generates $3,665/mo in rent, after a $3,661/mo payment. Total monthly income is $3,665/mo. Return on cash invested sits at 15.7% in year one, and rental yield is 5.88% on a $748,000 entry. Equity gained on principal adds $4,827/yr, while 5% annual appreciation builds toward $206,659 over five years. Five-year ROI reaches 80.13% and total cumulative return in cash sums $197,198. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,665/mo property income rather than buyer’s personal income.
Single Family
Built in 2013
6,969 sqft lot
$N/A/sqft
No HOA
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Listed by: Elizabeth Cloninger • Pirates Cove Realty
Mls Name: OBAR
Mls ID: #131438