215 Grandview DrElizabeth CityNC27909
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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 Elizabeth City at 215 Grandview Dr, Elizabeth City, NC, 27909 uses $187,497 cash to close to unlock $145/yr annual cash flow and $12/mo monthly cash flow. Total monthly income runs $3,485/mo, and a $2,789/mo payment keeps the spread at $12/mo. Purchase price stands at $569,900, and rental yield measures 7.34% with $3,485/mo rent. Return on cash invested shows 20.14% in year one, and 5% annual appreciation builds toward $157,453 over five years. Five-year ROI reaches 103.93% and total cumulative return in cash records $194,862. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,485/mo property income covering a $2,789/mo payment rather than investor’s personal income.
Single Family
Built in 2025
N/A 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
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Listed by: N/A • Kirbor Homes
Mls Name: Kirbor Homes
Mls ID: #N/A