2637 Highway 48Roanoke RapidsNC27870
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Roanoke Rapids at 2637 Highway 48, Roanoke Rapids, NC, 27870 earns $251/mo cash flow from $1,074/mo rent with a $661/mo payment. Total monthly income totals $1,074/mo, and annual cash flow totals $3,012/yr on $44,753 capital. ROI tracks 26.64% on current figures, and rental yield reads 9.55% at a $135,000 purchase. Equity gained on principal adds $871/yr, and 5% annual appreciation supports $37,298 over five years. Five-year ROI reaches 138.79% and total cumulative return in cash sums $62,113. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,074/mo property income instead of your personal income.
Single Family
Built in 1966
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27870, Roanoke Rapids, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,248 (100%) |
| Owner Occupied HU | 6,539 (53.4%) |
| Renter Occupied HU | 4,292 (35.0%) |
| Vacant Housing Units | 1,417 (11.6%) |
| Median Home Value | $148,653 |
| Average Home Value | $203,912 |
Housing Distribution
Address Breakdown
Residential
11,705
Single Family
10,933
Multi-Family
772
Businesses
1,103
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Listed by: Vickie Irby • Coldwell Banker Advantage-Littleton
Mls Name: Roanoke Valley Lake Gaston BOR
Mls ID: #140141