404 Washington St, Roanoke Rapids, NC, 27870 | $436/mo Cash Flow

Recently Sold

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

3 Bed
2 Bath
1038 sft

208 Meadow Dr, Rich Square, NC, 27869

3 Bed
1 Bath
960 sft

731 Monroe St, Roanoke Rapids, NC, 27870

3 Bed
1 Bath
1074 sft

823 W 5th St, Roanoke Rapids, NC, 27870

3 Bed
2 Bath
672 sft

279 S Belmont Dr, Henrico, NC, 27842

Nearby investment properties with comparable prices

3 Bed
1 Bath
1164 sft

7137 Western Dr, Lawrenceville, VA, 23868

2 Bed
1 Bath
780 sft

1316 Bolling Rd, Roanoke Rapids, NC, 27870

2 Bed
1 Bath
988 sft

905 E 9th St, Roanoke Rapids, NC, 27870

1 Bed
- Bath
600 sft

325 Hinson St, Roanoke Rapids, NC, 27870

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

Explore more listings using simple english

Investment Highlights

Rental property for sale in Roanoke Rapids at 404 Washington St, Roanoke Rapids, NC, 27870 priced at $115,000 converts $1,176/mo rent into $436/mo cash flow after a $563/mo obligation. Total monthly income equals $1,176/mo, and annual cash flow totals $5,232/yr on $38,123 invested. Return on cash invested prints 33.63% in year one, and rental yield reads 12.27% against a $115,000 entry. Equity gained on principal adds $742/yr, while 5% annual appreciation compiles into $31,772 by year five. Five-year ROI reaches 176.74% and total cumulative return in cash sums $67,377. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,176/mo property income covering a $563/mo payment, not borrower’s personal income.

Single Family

Built in 1940

5,662 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 27870, Roanoke Rapids, NC area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	12,248 (100%)
Owner Occupied HU	6,539 (53.4%)
Renter Occupied HU	4,292 (35.0%)
Vacant Housing Units	1,417 (11.6%)
Median Home Value	$148,653
Average Home Value	$203,912