1004 Jessica StElizabeth CityNC27909
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Elizabeth City rentals match the income profile of 1004 Jessica St, Elizabeth City, NC, 27909. Listed at $255,000, gross rent is $2,170/mo and net cash flow is $566/mo, a 10.21% yield well above national averages. DSCR 1.89 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $70,452 by year five with $2,349/yr in annual principal reduction, projecting $136,199 in total cumulative return.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 10.2% | 6.2% |
| Monthly Cash Flow | $566 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,170 |
| Total Monthly Debt Service | $1,453 |
| DSCR Ratio | 1.49x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2005
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27909, Elizabeth City, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,132 (100%) |
| Owner Occupied HU | 10,487 (57.8%) |
| Renter Occupied HU | 5,861 (32.3%) |
| Vacant Housing Units | 1,784 ( 9.8%) |
| Median Home Value | $256,977 |
| Average Home Value | $298,406 |
Housing Distribution
Address Breakdown
Residential
17,483
Single Family
17,279
Multi-Family
204
Businesses
1,292
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2005
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27909, Elizabeth City, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,132 (100%) |
| Owner Occupied HU | 10,487 (57.8%) |
| Renter Occupied HU | 5,861 (32.3%) |
| Vacant Housing Units | 1,784 ( 9.8%) |
| Median Home Value | $256,977 |
| Average Home Value | $298,406 |
Housing Distribution
Address Breakdown
Residential
17,483
Single Family
17,279
Multi-Family
204
Businesses
1,292
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Samara Jones • Water Street Real Estate Group
Mls Name: REIN Inc.
Mls ID: #10619375