102 Rachel DrElizabeth 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
Rental property for sale in Elizabeth City at 102 Rachel Dr, Elizabeth City, NC, 27909 priced at $345,000 pairs $2,492/mo rent with $389/mo cash flow after a $1,689/mo payment. Total monthly income equals $2,492/mo, and annual cash flow comes to $4,668/yr on $114,368 invested. Return on cash invested is 23.99% in year one, and rental yield stands at 8.67% on a $345,000 basis. Equity gained on principal adds $2,226/yr, and 5% annual appreciation accumulates to $95,317 by year five. Five-year ROI measures 124.59% and total cumulative return in cash reaches $142,492. For financing, Ziffy Mortgage’s DSCR program evaluates $2,492/mo property income against a $1,689/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2000
N/A 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: Holly Long • The Real Estate Group
Mls Name: REIN Inc.
Mls ID: #10599512