1176 Folley RoadElizabeth 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 1176 Folley Road, Elizabeth City, NC, 27909 listed at $123,000 pairs $958/mo rent with a $602/mo payment to leave $208/mo cash flow. Total monthly income runs $958/mo, and annual cash flow reaches $2,501/yr on $40,775 cash to close. Return on cash invested measures 26.04% in year one, and rental yield registers 9.35% at a $123,000 basis. Equity gained on principal adds $794/yr, and annual property appreciation at 5% supports $33,983 by year five. Five-year ROI tracks 135.68% and total cumulative return in cash totals $55,321. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $958/mo property income relative to a $602/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2024
1.93 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: Sherri Bonds • Howard Hanna WEW/EC
Mls Name: Hive MLS
Mls ID: #100549526