505 N Broad StreetEdentonNC27932
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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 505 N Broad Street, Edenton, NC, 27932 earns $421/mo cash flow from $3,041/mo rent with a $2,104/mo payment. Total monthly income totals $3,041/mo, and annual cash flow totals $5,053/yr on $142,512 capital. ROI tracks 23.45% on current figures, and rental yield reads 8.49% at a $429,900 purchase. Equity gained on principal adds $2,774/yr, and 5% annual appreciation supports $118,773 over five years. Five-year ROI reaches 121.76% and total cumulative return in cash sums $173,527. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,041/mo property income instead of your personal income.
Single Family
Built in 1910
10,454 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: Dawn Young • Asher RE LLC
Mls Name: Hive MLS
Mls ID: #100505353