3514 Great Island LaneElizabeth 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 3514 Great Island Lane, Elizabeth City, NC, 27909 listed at $445,000 pairs $3,320/mo rent with a $2,178/mo payment to leave $608/mo cash flow. Total monthly income runs $3,320/mo, and annual cash flow reaches $7,296/yr on $147,518 cash to close. Return on cash invested measures 24.85% in year one, and rental yield registers 8.95% at a $445,000 basis. Equity gained on principal adds $2,872/yr, and annual property appreciation at 5% supports $122,945 by year five. Five-year ROI tracks 129.22% and total cumulative return in cash totals $190,628. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,320/mo property income relative to a $2,178/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2019
8,276 sqft 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: Amber Lee • Opening Doors Realty
Mls Name: Hive MLS
Mls ID: #100547899