241 Grandview DriveElizabeth 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 241 Grandview Drive, Elizabeth City, NC, 27909 with 5% annual appreciation on a $577,586 basis while $3,608/mo rent supports operations. Total monthly income totals $3,608/mo and a $2,827/mo payment preserves $88/mo for cash returns. Annual cash flow comes to $1,055/yr on $190,026 deployed, and return on cash invested reaches 20.62% in year one. Equity gained on principal adds $3,727/yr, and five-year appreciation sums $159,576 alongside rental yield of 7.5%. Five-year ROI measures 106.46% and total cumulative return in cash totals $202,303.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,608/mo property income versus a $2,827/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2026
0.45 Acres 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: Joy Mills • AtCoastal Realty, LLC
Mls Name: Hive MLS
Mls ID: #100531994