1616 Greys Mill RdRocky MountNC27804
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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 1616 Greys Mill Rd, Rocky Mount, NC, 27804 offers a 10.49% rental yield on a $188,500 purchase with $1,648/mo rent. Total monthly income registers $1,648/mo, and a $923/mo payment leaves $499/mo available for distribution. Annual cash flow reaches $5,986/yr on $62,488 to close, and return on cash invested stands at 29.49% in year one. Equity gained on principal adds $1,216/yr while 5% annual appreciation supports $52,079 over five years. Portfolio math shows five-year ROI at 154.09% and total cumulative return in cash at $96,285. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,648/mo property income against a $923/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2003
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27804, Rocky Mount, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,212 (100%) |
| Owner Occupied HU | 7,284 (51.3%) |
| Renter Occupied HU | 5,678 (40.0%) |
| Vacant Housing Units | 1,250 ( 8.8%) |
| Median Home Value | $223,203 |
| Average Home Value | $235,705 |
Housing Distribution
Address Breakdown
Residential
13,554
Single Family
12,874
Multi-Family
680
Businesses
1,936
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Listed by: Janet Farley • Covenant Realty NC
Mls Name: Doorify MLS
Mls ID: #10132987