145 Sommerset CtRoanoke RapidsNC27870
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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
Rental property for sale in Roanoke Rapids at 145 Sommerset Ct, Roanoke Rapids, NC, 27870 generates $2,016/mo in rent and, after a $925/mo payment, leaves $862/mo in cash flow. Total monthly income is $2,016/mo, and annual cash flow is $10,340/yr on $62,654 invested. Return on cash invested sits at 36.41% in year one, and rental yield is 12.8% on a $189,000 entry. Equity gained on principal adds $1,220/yr, while 5% annual appreciation builds toward $52,217 over five years. Five-year ROI reaches 191.26% and total cumulative return in cash sums $119,830. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,016/mo property income rather than buyer’s personal income.
Townhouse
Built in 1988
1,742 sqft 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 |
Housing Distribution
Address Breakdown
Residential
11,705
Single Family
10,933
Multi-Family
772
Businesses
1,103
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Listed by: Brenda Thompson • Coldwell Banker Advantage-Littleton
Mls Name: Roanoke Valley Lake Gaston BOR
Mls ID: #138411
Disclaimer: Copyright Roanoke Valley Lake Gaston Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.