306 N Discovery St #A-BRocky MountNC27801
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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
Total monthly income runs $960/mo, and a $1,591/mo payment. Purchase price stands at $325,000, and rental yield measures 3.54% with $960/mo rent. Return on cash invested shows 8.54% in year one, and 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 41.72% and total cumulative return in cash records $44,953. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $960/mo property income covering a $1,591/mo payment rather than investor’s personal income.
Multi Family
Built in 1976
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27801, Rocky Mount, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,293 (100%) |
| Owner Occupied HU | 3,994 (43.0%) |
| Renter Occupied HU | 3,816 (41.1%) |
| Vacant Housing Units | 1,483 (16.0%) |
| Median Home Value | $124,559 |
| Average Home Value | $165,576 |
Housing Distribution
Address Breakdown
Residential
8,351
Single Family
8,096
Multi-Family
255
Businesses
328
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Listed by: Ben Braddock • Braddock Associates
Mls Name: Doorify MLS
Mls ID: #10108452