1502 Lambsberry CirElizabeth 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 1502 Lambsberry Cir, Elizabeth City, NC, 27909 listed at $249,990 pairs $2,478/mo rent with a $1,224/mo payment to leave $954/mo cash flow. Total monthly income runs $2,478/mo, and annual cash flow reaches $11,448/yr on $82,872 cash to close. Return on cash invested measures 33.72% in year one, and rental yield registers 11.89% at a $249,990 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,068 by year five. Five-year ROI tracks 176.86% and total cumulative return in cash totals $146,563. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,478/mo property income relative to a $1,224/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Townhouse
Built in 2024
N/A 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: Dawn Crocker • EXP Realty LLC
Mls Name: REIN Inc.
Mls ID: #10604610