302 Genoa DrElizabeth 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 302 Genoa Dr, Elizabeth City, NC, 27909 with 5% annual appreciation on a $442,990 basis while $3,251/mo rent supports operations. Total monthly income totals $3,251/mo and a $2,168/mo payment preserves $551/mo for cash returns. Annual cash flow comes to $6,617/yr on $146,851 deployed, and return on cash invested reaches 24.41% in year one. Equity gained on principal adds $2,859/yr, and five-year appreciation sums $122,390 alongside rental yield of 8.81%. Five-year ROI measures 126.9% and total cumulative return in cash totals $186,349.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,251/mo property income versus a $2,168/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2025
0.34 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: Jessica Locke • D R Horton Realty of Virginia
Mls Name: REIN Inc.
Mls ID: #10616621