103 Brock Ridge RunElizabeth 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 103 Brock Ridge Run, Elizabeth City, NC, 27909 offers a 9.57% rental yield on a $325,000 purchase with $2,593/mo rent. Total monthly income registers $2,593/mo, and a $1,591/mo payment leaves $612/mo available for distribution. Annual cash flow reaches $7,344/yr on $107,738 to close, and return on cash invested stands at 26.73% in year one. Equity gained on principal adds $2,097/yr while 5% annual appreciation supports $89,792 over five years. Portfolio math shows five-year ROI at 139.27% and total cumulative return in cash at $150,049. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,593/mo property income against a $1,591/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
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: Lauren Loomis • CENTURY 21 Nachman Realty
Mls Name: REIN Inc.
Mls ID: #10611189