113 Galera CtElizabeth 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 113 Galera Ct, Elizabeth City, NC, 27909 priced at $355,000 pairs $2,758/mo rent with $594/mo cash flow after a $1,738/mo payment. Total monthly income equals $2,758/mo, and annual cash flow comes to $7,128/yr on $117,683 invested. Return on cash invested is 25.97% in year one, and rental yield stands at 9.32% on a $355,000 basis. Equity gained on principal adds $2,291/yr, and 5% annual appreciation accumulates to $98,080 by year five. Five-year ROI measures 135.19% and total cumulative return in cash reaches $159,096. For financing, Ziffy Mortgage’s DSCR program evaluates $2,758/mo property income against a $1,738/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2016
0.29 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: Samara Jones • Water Street Real Estate Group
Mls Name: REIN Inc.
Mls ID: #10603462