1600 Cherry StRocky 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
Rental property for sale in Rocky Mount at 1600 Cherry St, Rocky Mount, NC, 27801 generates $1,562/mo in rent and, after a $1,071/mo payment, leaves $228/mo in cash flow. Total monthly income is $1,562/mo, and annual cash flow is $2,740/yr on $72,565 invested. Return on cash invested sits at 23.68% in year one, and rental yield is 8.56% on a $218,900 entry. Equity gained on principal adds $1,413/yr, while 5% annual appreciation builds toward $60,478 over five years. Five-year ROI reaches 123% and total cumulative return in cash sums $89,258. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,562/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
0.25 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: Gabriela Tapia Villa • EXP Realty LLC
Mls Name: Doorify MLS
Mls ID: #10127887