950 Washington St LOT 6,Manteo,NC,27954

Investment Highlights

Investment property for sale in Manteo at 950 Washington St LOT 6, Manteo, NC, 27954 listed at $412,000 pairs $2,400/mo rent with a $2,017/mo payment. Total monthly income runs $2,400/mo. Return on cash invested measures 18.93% in year one, and rental yield registers 6.99% at a $412,000 basis. Equity gained on principal adds $2,659/yr, and annual property appreciation at 5% supports $113,828 by year five. Five-year ROI tracks 97.48% and total cumulative return in cash totals $133,131. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,400/mo property income relative to a $2,017/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).