1103 E 7th StRoanoke RapidsNC27870
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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 Roanoke Rapids at 1103 E 7th St, Roanoke Rapids, NC, 27870 earns $579/mo cash flow from $1,982/mo rent with a $1,077/mo payment. Total monthly income totals $1,982/mo, and annual cash flow totals $6,951/yr on $72,930 capital. ROI tracks 29.44% on current figures, and rental yield reads 10.81% at a $220,000 purchase. Equity gained on principal adds $1,420/yr, and 5% annual appreciation supports $60,782 over five years. Five-year ROI reaches 154.22% and total cumulative return in cash sums $112,475. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,982/mo property income instead of your personal income.
Single Family
Built in 1976
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27870, Roanoke Rapids, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,248 (100%) |
| Owner Occupied HU | 6,539 (53.4%) |
| Renter Occupied HU | 4,292 (35.0%) |
| Vacant Housing Units | 1,417 (11.6%) |
| Median Home Value | $148,653 |
| Average Home Value | $203,912 |
Housing Distribution
Address Breakdown
Residential
11,705
Single Family
10,933
Multi-Family
772
Businesses
1,103
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Listed by: Leslie Acree • Wilkie Real Estate
Mls Name: Roanoke Valley Lake Gaston BOR
Mls ID: #140131
Disclaimer: Copyright Roanoke Valley Lake Gaston Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.