108 Peach LnElizabeth 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 108 Peach Ln, Elizabeth City, NC, 27909 offers $1,800/mo rent that, after a $1,847/mo payment. Total monthly income is $1,800/mo. Return on cash invested measures 15.11% in year one, and rental yield stands at 5.72% at a $377,300 entry. Equity gained on principal adds $2,435/yr while 5% annual appreciation compounds into $104,241 by year five. Five-year ROI records 77.04% and total cumulative return in cash reaches $96,353. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,800/mo property income versus a $1,847/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
1.02 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: Erin Nixon • Hall & Nixon Real Estate Inc
Mls Name: REIN Inc.
Mls ID: #10604641