118 Savannah Cir NRoanoke 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
Rental property for sale in Roanoke Rapids at 118 Savannah Cir N, Roanoke Rapids, NC, 27870 priced at $284,900 converts $2,152/mo rent into $416/mo cash flow after a $1,394/mo obligation. Total monthly income equals $2,152/mo, and annual cash flow totals $4,993/yr on $94,444 invested. Return on cash invested prints 25.2% in year one, and rental yield reads 9.06% against a $284,900 entry. Equity gained on principal adds $1,838/yr, while 5% annual appreciation compiles into $78,713 by year five. Five-year ROI reaches 131.1% and total cumulative return in cash sums $123,815. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,152/mo property income covering a $1,394/mo payment, not borrower’s personal income.
Townhouse
Built in 2006
3,920 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: #140165