415 A Elcinoca DrElizabeth 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
Rental property for sale in Elizabeth City at 415 A Elcinoca Dr, Elizabeth City, NC, 27909 priced at $264,000 pairs $1,800/mo rent with $191/mo cash flow after a $1,292/mo payment. Total monthly income equals $1,800/mo, and annual cash flow comes to $2,294/yr on $87,516 invested. Return on cash invested is 22.53% in year one, and rental yield stands at 8.18% on a $264,000 basis. Equity gained on principal adds $1,704/yr, and 5% annual appreciation accumulates to $72,938 by year five. Five-year ROI measures 116.83% and total cumulative return in cash reaches $102,241. For financing, Ziffy Mortgage’s DSCR program evaluates $1,800/mo property income against a $1,292/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2026
N/A 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: Diana Brink • A Better Way Realty Inc.
Mls Name: REIN Inc.
Mls ID: #10619045