2331 Locust Grove RdEdentonNC27932
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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 Edenton at 2331 Locust Grove Rd, Edenton, NC, 27932 generates $2,509/mo in rent, after a $2,203/mo payment. Total monthly income is $2,509/mo. Return on cash invested sits at 18.03% in year one, and rental yield is 6.69% on a $450,000 entry. Equity gained on principal adds $2,904/yr, while 5% annual appreciation builds toward $124,327 over five years. Five-year ROI reaches 92.62% and total cumulative return in cash sums $138,162. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,509/mo property income rather than buyer’s personal income.
Single Family
Built in 1988
12.79 Acres 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: William Austin • Double A Auction & Realty
Mls Name: My State MLS
Mls ID: #11600610