1008 Carolina St, Roanoke Rapids, NC, 27870 | $201/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Roanoke Rapids at 1008 Carolina St, Roanoke Rapids, NC, 27870 with 5% annual appreciation on a $124,900 basis while $978/mo rent supports operations. Total monthly income totals $978/mo and a $611/mo payment preserves $201/mo for cash returns. Annual cash flow comes to $2,412/yr on $41,404 deployed, and return on cash invested reaches 25.73% in year one. Equity gained on principal adds $806/yr, and five-year appreciation sums $34,508 alongside rental yield of 9.4%. Five-year ROI measures 134.1% and total cumulative return in cash totals $55,522.

Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $978/mo property income versus a $611/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.

Single Family

Built in 1943

0.29 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 27870, Roanoke Rapids, NC area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	12,248 (100%)
Owner Occupied HU	6,539 (53.4%)
Renter Occupied HU	4,292 (35.0%)
Vacant Housing Units	1,417 (11.6%)
Median Home Value	$148,653
Average Home Value	$203,912