1417 Cokey RoadRocky MountNC27801
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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 Rocky Mount at 1417 Cokey Road, Rocky Mount, NC, 27801 offers a 9.46% rental yield on a $165,000 purchase with $1,301/mo rent. Total monthly income registers $1,301/mo, and a $808/mo payment leaves $295/mo available for distribution. Annual cash flow reaches $3,540/yr on $54,698 to close, and return on cash invested stands at 26.38% in year one. Equity gained on principal adds $1,065/yr while 5% annual appreciation supports $45,586 over five years. Portfolio math shows five-year ROI at 137.42% and total cumulative return in cash at $75,167. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,301/mo property income against a $808/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1924
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27801, Rocky Mount, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,293 (100%) |
| Owner Occupied HU | 3,994 (43.0%) |
| Renter Occupied HU | 3,816 (41.1%) |
| Vacant Housing Units | 1,483 (16.0%) |
| Median Home Value | $124,559 |
| Average Home Value | $165,576 |
Housing Distribution
Address Breakdown
Residential
8,351
Single Family
8,096
Multi-Family
255
Businesses
328
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Listed by: Kathryn Greisiger • Alluvium Elite Realty
Mls Name: Hive MLS
Mls ID: #100546775