1004 S South StreetElizabeth CityNC27909
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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
Investment property for sale in Elizabeth City at 1004 S South Street, Elizabeth City, NC, 27909 uses $99,450 cash to close to unlock $9,972/yr annual cash flow and $831/mo monthly cash flow. Total monthly income runs $2,659/mo, and a $1,468/mo payment keeps the spread at $831/mo. Purchase price stands at $300,000, and rental yield measures 10.64% with $2,659/mo rent. Return on cash invested shows 29.94% in year one, and 5% annual appreciation builds toward $82,884 over five years. Five-year ROI reaches 156.46% and total cumulative return in cash records $155,604. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,659/mo property income covering a $1,468/mo payment rather than investor’s personal income.
Multi Family
Built in 1945
0.29 Acres 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
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Listed by: Michai Staten • KRL Investors, LLC
Mls Name: NCRMLS
Mls Provider:
Mls ID: #100463674
Disclaimer: The data relating to real estate on this web site comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC, and is updated as of 2024-02-16 15:12:29 PST. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Zillow, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 2024 North Carolina Regional MLS LLC