1313 Carolina Ave, Roanoke Rapids, NC, 27870 | $497/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Roanoke Rapids at 1313 Carolina Ave, Roanoke Rapids, NC, 27870 offers a 11.29% rental yield on a $150,000 purchase with $1,411/mo rent. Total monthly income registers $1,411/mo, and a $734/mo payment leaves $497/mo available for distribution. Annual cash flow reaches $5,964/yr on $49,725 to close, and return on cash invested stands at 31.9% in year one. Equity gained on principal adds $968/yr while 5% annual appreciation supports $41,442 over five years. Portfolio math shows five-year ROI at 166.99% and total cumulative return in cash at $83,034. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,411/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1946

0.51 Acres 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