202 Madison StreetPlymouthNC27962
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeNot flashy, but dependably profitable, 202 Madison Street, Plymouth, NC, 27962 in Plymouth is listed at $138,500 and delivers $1,098/mo in rent and $254/mo in net monthly cash flow. The 9.51% yield and 1.76 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $38,265 over five years, and $1,276/yr in principal reduction supplements cash return. Total projected cumulative return: $68,784.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 6.2% |
| Monthly Cash Flow | $254 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,098 |
| Total Monthly Debt Service | $789 |
| DSCR Ratio | 1.39x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1901
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27962, Plymouth, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,543 (100%) |
| Owner Occupied HU | 1,832 (51.7%) |
| Renter Occupied HU | 1,108 (31.3%) |
| Vacant Housing Units | 603 (17.0%) |
| Median Home Value | $121,184 |
| Average Home Value | $169,337 |
Housing Distribution
Address Breakdown
Residential
3,021
Single Family
2,990
Multi-Family
31
Businesses
328
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Multi Family
Built in 1901
871.20 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27962, Plymouth, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,543 (100%) |
| Owner Occupied HU | 1,832 (51.7%) |
| Renter Occupied HU | 1,108 (31.3%) |
| Vacant Housing Units | 603 (17.0%) |
| Median Home Value | $121,184 |
| Average Home Value | $169,337 |
Housing Distribution
Address Breakdown
Residential
3,021
Single Family
2,990
Multi-Family
31
Businesses
328
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Takyla Smith Hill • Key Realty Solutions
Mls Name: Hive MLS
Mls ID: #100503266