1205 Cherry StreetTarboroNC27886
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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 Tarboro at 1205 Cherry Street, Tarboro, NC, 27886 uses $53,007 cash to close to unlock $4,405/yr annual cash flow and $367/mo monthly cash flow. Total monthly income runs $1,342/mo, and a $783/mo payment keeps the spread at $367/mo. Purchase price stands at $159,900, and rental yield measures 10.07% with $1,342/mo rent. Return on cash invested shows 28.22% in year one, and 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 147.39% and total cumulative return in cash records $78,126. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,342/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1969
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27886, Tarboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,909 (100%) |
| Owner Occupied HU | 4,803 (53.9%) |
| Renter Occupied HU | 3,069 (34.4%) |
| Vacant Housing Units | 1,037 (11.6%) |
| Median Home Value | $135,882 |
| Average Home Value | $192,528 |
Housing Distribution
Address Breakdown
Residential
8,543
Single Family
7,969
Multi-Family
574
Businesses
783
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Listed by: AARON M RIGGS • RIGGS REALTY GROUP
Mls Name: Hive MLS
Mls ID: #100525914