118 Golf Club DrElizabeth 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 118 Golf Club Dr, Elizabeth City, NC, 27909 uses $149,009 cash to close to unlock $1,087/yr annual cash flow and $91/mo monthly cash flow. Total monthly income runs $2,830/mo, and a $2,200/mo payment keeps the spread at $91/mo. Purchase price stands at $449,500, and rental yield measures 7.56% with $2,830/mo rent. Return on cash invested shows 20.64% in year one, and 5% annual appreciation builds toward $124,189 over five years. Five-year ROI reaches 106.64% and total cumulative return in cash records $158,897. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,830/mo property income covering a $2,200/mo payment rather than investor’s personal income.
Single Family
Built in 1992
2.60 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: Heather Sawyer • Water Street Real Estate Group
Mls Name: REIN Inc.
Mls ID: #10596052