509 Atlantic AveRocky MountNC27801
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Rocky Mount at 509 Atlantic Ave, Rocky Mount, NC, 27801 offers a 9.52% rental yield on a $100,000 purchase with $793/mo rent. Total monthly income registers $793/mo, and a $489/mo payment leaves $184/mo available for distribution. Annual cash flow reaches $2,208/yr on $33,150 to close, and return on cash invested stands at 26.57% in year one. Equity gained on principal adds $645/yr while 5% annual appreciation supports $27,628 over five years. Portfolio math shows five-year ROI at 138.4% and total cumulative return in cash at $45,880. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $793/mo property income against a $489/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1930
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27801, Rocky Mount, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,293 (100%) |
| Owner Occupied HU | 3,994 (43.0%) |
| Renter Occupied HU | 3,816 (41.1%) |
| Vacant Housing Units | 1,483 (16.0%) |
| Median Home Value | $124,559 |
| Average Home Value | $165,576 |
Housing Distribution
Address Breakdown
Residential
8,351
Single Family
8,096
Multi-Family
255
Businesses
328
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Nearby investment properties with comparable prices
Listed by: Lety Morales • JA REALTY & CONSULTING LLC
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10070393
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