1122 Washington StRoanoke RapidsNC27870
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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 Roanoke Rapids at 1122 Washington St, Roanoke Rapids, NC, 27870 listed at $164,999 pairs $1,728/mo rent with a $808/mo payment to leave $683/mo cash flow. Total monthly income runs $1,728/mo, and annual cash flow reaches $8,199/yr on $54,697 cash to close. Return on cash invested measures 34.9% in year one, and rental yield registers 12.57% at a $164,999 basis. Equity gained on principal adds $1,065/yr, and annual property appreciation at 5% supports $45,586 by year five. Five-year ROI tracks 183.47% and total cumulative return in cash totals $100,355. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,728/mo property income relative to a $808/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1946
8,276 sqft 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: Betty Harris • Wilkie Real Estate
Mls Name: Roanoke Valley Lake Gaston BOR
Mls ID: #138326
Disclaimer: Copyright Roanoke Valley Lake Gaston Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.