138 Morris Cir LOT 8EdentonNC27932
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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 Edenton at 138 Morris Cir LOT 8, Edenton, NC, 27932 at $127,000 posts ROI 31.24% with $398/mo cash flow from $1,172/mo rent. Total monthly income equals $1,172/mo, and annual cash flow records $4,771/yr on $42,101 to close. Return on cash invested measures 31.24% and rental yield reads 11.07% at the current $127,000. Equity gained on principal adds $820/yr, and 5% annual appreciation supports $35,088 by year five. Five-year ROI prints 163.52% and total cumulative return in cash totals $68,841.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,172/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1944
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27932, Edenton, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,352 (100%) |
| Owner Occupied HU | 3,602 (56.7%) |
| Renter Occupied HU | 1,643 (25.9%) |
| Vacant Housing Units | 1,107 (17.4%) |
| Median Home Value | $242,050 |
| Average Home Value | $335,888 |
Housing Distribution
Address Breakdown
Residential
5,795
Single Family
5,676
Multi-Family
119
Businesses
619
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Listed by: Cecil E Myers • Brindley Beach Vacations & Sales-Corolla
Mls Name: OBAR
Mls Provider:
Mls ID: #126281
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.