210 Lynette DrElizabeth CityNC27909
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
Investment Highlights
Rental property for sale in Elizabeth City at 210 Lynette Dr, Elizabeth City, NC, 27909 priced at $330,000 converts $2,611/mo rent into $600/mo cash flow after a $1,615/mo obligation. Total monthly income equals $2,611/mo, and annual cash flow totals $7,200/yr on $109,395 invested. Return on cash invested prints 26.49% in year one, and rental yield reads 9.49% against a $330,000 entry. Equity gained on principal adds $2,129/yr, while 5% annual appreciation compiles into $91,173 by year five. Five-year ROI reaches 137.99% and total cumulative return in cash sums $150,959. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,611/mo property income covering a $1,615/mo payment, not borrower’s personal income.
Single Family
Built in 1995
0.73 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kim Schweikarth • Own Real Estate LLC
Mls Name: REIN Inc.
Mls ID: #10606942