204 S Pender StElm CityNC27822
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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 Elm City at 204 S Pender St, Elm City, NC, 27822 offers $1,852/mo rent that, after a $929/mo payment, leaves $695/mo cash flow. Total monthly income is $1,852/mo, and annual cash flow is $8,341/yr on $62,952 cash. Return on cash invested measures 33.16% in year one, and rental yield stands at 11.7% at a $189,900 entry. Equity gained on principal adds $1,225/yr while 5% annual appreciation compounds into $52,466 by year five. Five-year ROI records 173.84% and total cumulative return in cash reaches $109,433. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,852/mo property income versus a $929/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27822, Elm City, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,733 (100%) |
| Owner Occupied HU | 2,723 (72.9%) |
| Renter Occupied HU | 693 (18.6%) |
| Vacant Housing Units | 317 ( 8.5%) |
| Median Home Value | $192,828 |
| Average Home Value | $231,340 |
Housing Distribution
Address Breakdown
Residential
3,484
Single Family
3,484
Multi-Family
0
Businesses
152
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Listed by: Veneta Ford • VFG Realty
Mls Name: Doorify MLS
Mls ID: #10115595