216 Katie DrRocky MountNC27803
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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 Rocky Mount at 216 Katie Dr, Rocky Mount, NC, 27803 generates $1,396/mo in rent and, after a $910/mo payment, leaves $263/mo in cash flow. Total monthly income is $1,396/mo, and annual cash flow is $3,154/yr on $61,659 invested. Return on cash invested sits at 25.02% in year one, and rental yield is 9.01% on a $186,000 entry. Equity gained on principal adds $1,200/yr, while 5% annual appreciation builds toward $51,388 over five years. Five-year ROI reaches 130.15% and total cumulative return in cash sums $80,248. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,396/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27803, Rocky Mount, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,440 (100%) |
| Owner Occupied HU | 5,555 (53.2%) |
| Renter Occupied HU | 3,920 (37.5%) |
| Vacant Housing Units | 965 ( 9.2%) |
| Median Home Value | $206,523 |
| Average Home Value | $233,303 |
Housing Distribution
Address Breakdown
Residential
9,205
Single Family
8,940
Multi-Family
265
Businesses
389
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Listed by: Anna Powell • EXP Realty LLC
Mls Name: Doorify MLS
Mls ID: #10116060