1345 Lynchs Corner RdElizabeth 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 1345 Lynchs Corner Rd, Elizabeth City, NC, 27909 uses $132,567 cash to close to unlock $37/yr annual cash flow and $3/mo monthly cash flow. Total monthly income runs $2,440/mo, and a $1,957/mo payment keeps the spread at $3/mo. Purchase price stands at $399,900, and rental yield measures 7.32% with $2,440/mo rent. Return on cash invested shows 19.94% in year one, and 5% annual appreciation builds toward $110,485 over five years. Five-year ROI reaches 102.89% and total cumulative return in cash records $136,400. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,440/mo property income covering a $1,957/mo payment rather than investor’s personal income.
Single Family
Built in 2023
1.62 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: Neady Harris • Waterway Realty
Mls Name: REIN Inc.
Mls ID: #10617954