3622 Union StreetElizabeth 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 3622 Union Street, Elizabeth City, NC, 27909 uses $131,937 cash to close to unlock $10,541/yr annual cash flow and $878/mo monthly cash flow. Total monthly income runs $3,304/mo, and a $1,948/mo payment keeps the spread at $878/mo. Purchase price stands at $398,000, and rental yield measures 9.96% with $3,304/mo rent. Return on cash invested shows 27.9% in year one, and 5% annual appreciation builds toward $109,960 over five years. Five-year ROI reaches 145.57% and total cumulative return in cash records $192,060. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,304/mo property income covering a $1,948/mo payment rather than investor’s personal income.
Single Family
Built in 2017
0.27 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: Amber Lee • Opening Doors Realty
Mls Name: Hive MLS
Mls ID: #100544303