508 Small 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 508 Small Dr, Elizabeth City, NC, 27909 priced at $775,000 converts $3,989/mo rent into after a $3,793/mo obligation. Total monthly income equals $3,989/mo. Return on cash invested prints 16.61% in year one, and rental yield reads 6.18% against a $775,000 entry. Equity gained on principal adds $5,001/yr, while 5% annual appreciation compiles into $214,118 by year five. Five-year ROI reaches 84.96% and total cumulative return in cash sums $216,631. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,989/mo property income covering a $3,793/mo payment, not borrower’s personal income.
Single Family
Built in 2007
0.61 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: Erin Nixon • Hall & Nixon Real Estate Inc
Mls Name: REIN Inc.
Mls ID: #10607299