401 E Queen StEdentonNC27932
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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 Edenton at 401 E Queen St, Edenton, NC, 27932 at $300,000 posts ROI 23.64% with $309/mo cash flow from $2,137/mo rent. Total monthly income equals $2,137/mo, and annual cash flow records $3,708/yr on $99,450 to close. Return on cash invested measures 23.64% and rental yield reads 8.55% at the current $300,000. Equity gained on principal adds $1,936/yr, and 5% annual appreciation supports $82,884 by year five. Five-year ROI prints 122.69% and total cumulative return in cash totals $122,016.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,137/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1915
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27932, Edenton, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,352 (100%) |
| Owner Occupied HU | 3,602 (56.7%) |
| Renter Occupied HU | 1,643 (25.9%) |
| Vacant Housing Units | 1,107 (17.4%) |
| Median Home Value | $242,050 |
| Average Home Value | $335,888 |
Housing Distribution
Address Breakdown
Residential
5,795
Single Family
5,676
Multi-Family
119
Businesses
619
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Listed by: Robert Rogers • Real Broker LLC
Mls Name: REIN Inc.
Mls ID: #10592236