503 Princess Anne Cir LOT 218Elizabeth 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 503 Princess Anne Cir LOT 218, Elizabeth City, NC, 27909 earns $1,133/mo cash flow from $3,704/mo rent with a $2,065/mo payment. Total monthly income totals $3,704/mo, and annual cash flow totals $13,592/yr on $139,885 capital. ROI tracks 29.63% on current figures, and rental yield reads 10.53% at a $421,975 purchase. Equity gained on principal adds $2,723/yr, and 5% annual appreciation supports $116,584 over five years. Five-year ROI reaches 154.83% and total cumulative return in cash sums $216,579. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,704/mo property income instead of your personal income.
Single Family
Built in 2017
1 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: Diana Brink • A Better Way Realty, Inc
Mls Name: OBAR
Mls Provider:
Mls ID: #129050
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.