102 Chancey Dr LOT 7Elizabeth 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 102 Chancey Dr LOT 7, Elizabeth City, NC, 27909 uses $142,214 cash to close to unlock $10,982/yr annual cash flow and $915/mo monthly cash flow. Total monthly income runs $3,530/mo, and a $2,100/mo payment keeps the spread at $915/mo. Purchase price stands at $429,000, and rental yield measures 9.87% with $3,530/mo rent. Return on cash invested shows 27.63% in year one, and 5% annual appreciation builds toward $118,525 over five years. Five-year ROI reaches 144.16% and total cumulative return in cash records $205,009. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,530/mo property income covering a $2,100/mo payment rather than investor’s personal income.
Single Family
Built in 2023
0.53 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: Lisa L Brown • Inner Banks Real Estate Group Inc
Mls Name: OBAR
Mls Provider:
Mls ID: #129006
Disclaimer: 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. Information is deemed reliable but not guaranteed.