1020-1022 Scott StRocky MountNC27801
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
Investment Highlights
Investment property for sale in Rocky Mount at 1020-1022 Scott St, Rocky Mount, NC, 27801 uses $58,013 cash to close to unlock $7,356/yr annual cash flow and $613/mo monthly cash flow. Total monthly income runs $1,680/mo, and a $857/mo payment keeps the spread at $613/mo. Purchase price stands at $175,000, and rental yield measures 11.52% with $1,680/mo rent. Return on cash invested shows 32.59% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 170.73% and total cumulative return in cash records $99,043. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,680/mo property income covering a $857/mo payment rather than investor’s personal income.
Multi Family
Built in 1978
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27801, Rocky Mount, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,293 (100%) |
| Owner Occupied HU | 3,994 (43.0%) |
| Renter Occupied HU | 3,816 (41.1%) |
| Vacant Housing Units | 1,483 (16.0%) |
| Median Home Value | $124,559 |
| Average Home Value | $165,576 |
Housing Distribution
Address Breakdown
Residential
8,351
Single Family
8,096
Multi-Family
255
Businesses
328
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Benjamin David Riegel • Braddock Realty
Mls Name: Doorify MLS
Mls ID: #10140402