1610 Lexington DrElizabeth 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
Rental property for sale in Elizabeth City at 1610 Lexington Dr, Elizabeth City, NC, 27909 generates $2,226/mo in rent and, after a $834/mo payment, leaves $1,120/mo in cash flow. Total monthly income is $2,226/mo, and annual cash flow is $13,441/yr on $56,454 invested. Return on cash invested sits at 43.72% in year one, and rental yield is 15.69% on a $170,300 entry. Equity gained on principal adds $1,099/yr, while 5% annual appreciation builds toward $47,051 over five years. Five-year ROI reaches 231% and total cumulative return in cash sums $130,411. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,226/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
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: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A