3003 Somerset CourtTarboroNC27886
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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 Tarboro at 3003 Somerset Court, Tarboro, NC, 27886 earns $253/mo cash flow from $2,047/mo rent with a $1,441/mo payment. Total monthly income totals $2,047/mo, and annual cash flow totals $3,031/yr on $97,627 capital. ROI tracks 23.01% on current figures, and rental yield reads 8.34% at a $294,500 purchase. Equity gained on principal adds $1,900/yr, and 5% annual appreciation supports $81,365 over five years. Five-year ROI reaches 119.39% and total cumulative return in cash sums $116,557. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,047/mo property income instead of your personal income.
Single Family
Built in 2021
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27886, Tarboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,909 (100%) |
| Owner Occupied HU | 4,803 (53.9%) |
| Renter Occupied HU | 3,069 (34.4%) |
| Vacant Housing Units | 1,037 (11.6%) |
| Median Home Value | $135,882 |
| Average Home Value | $192,528 |
Housing Distribution
Address Breakdown
Residential
8,543
Single Family
7,969
Multi-Family
574
Businesses
783
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Listed by: Jack E. Cutler, Jr. • True Local Realty
Mls Name: Hive MLS
Mls ID: #100526907