211 Doctor M.L.K. Jr AvenueEdentonNC27932
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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 Edenton at 211 Doctor M.L.K. Jr Avenue, Edenton, NC, 27932 earns $304/mo cash flow from $1,453/mo rent with a $923/mo payment. Total monthly income totals $1,453/mo, and annual cash flow totals $3,646/yr on $62,488 capital. ROI tracks 25.74% on current figures, and rental yield reads 9.25% at a $188,500 purchase. Equity gained on principal adds $1,216/yr, and 5% annual appreciation supports $52,079 over five years. Five-year ROI reaches 134% and total cumulative return in cash sums $83,733. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,453/mo property income instead of your personal income.
Single Family
Built in 1945
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27932, Edenton, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,352 (100%) |
| Owner Occupied HU | 3,602 (56.7%) |
| Renter Occupied HU | 1,643 (25.9%) |
| Vacant Housing Units | 1,107 (17.4%) |
| Median Home Value | $242,050 |
| Average Home Value | $335,888 |
Housing Distribution
Address Breakdown
Residential
5,795
Single Family
5,676
Multi-Family
119
Businesses
619
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Listed by: Amber Lee • Opening Doors Realty
Mls Name: Hive MLS
Mls ID: #100548452