3108 Ridgecrest DrRocky MountNC27803
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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 Rocky Mount at 3108 Ridgecrest Dr, Rocky Mount, NC, 27803 offers a 9.94% rental yield on a $214,900 purchase with $1,780/mo rent. Total monthly income registers $1,780/mo, and a $1,052/mo payment leaves $470/mo available for distribution. Annual cash flow reaches $5,641/yr on $71,239 to close, and return on cash invested stands at 27.83% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,373 over five years. Portfolio math shows five-year ROI at 145.26% and total cumulative return in cash at $103,482. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,780/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27803, Rocky Mount, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,440 (100%) |
| Owner Occupied HU | 5,555 (53.2%) |
| Renter Occupied HU | 3,920 (37.5%) |
| Vacant Housing Units | 965 ( 9.2%) |
| Median Home Value | $206,523 |
| Average Home Value | $233,303 |
Housing Distribution
Address Breakdown
Residential
9,205
Single Family
8,940
Multi-Family
265
Businesses
389
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Listed by: Bill Lumpp • Pink Flamingo Realty, LLC
Mls Name: Doorify MLS
Mls ID: #10128707