218 Pleasant Dr LOT 149Elizabeth 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 218 Pleasant Dr LOT 149, Elizabeth City, NC, 27909 earns $255/mo cash flow from $2,659/mo rent with a $1,931/mo payment. Total monthly income totals $2,659/mo, and annual cash flow totals $3,055/yr on $130,777 capital. ROI tracks 22.25% on current figures, and rental yield reads 8.09% at a $394,500 purchase. Equity gained on principal adds $2,546/yr, and 5% annual appreciation supports $108,993 over five years. Five-year ROI reaches 115.24% and total cumulative return in cash sums $150,713. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,659/mo property income instead of your personal income.
Single Family
Built in 2021
1,742 sqft 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: Valerie A Miller • Shaffer Real Estate Inc
Mls Name: OBAR
Mls Provider:
Mls ID: #128075
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.