602 McPherson StElizabeth CityNC27909
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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 Elizabeth City at 602 McPherson St, Elizabeth City, NC, 27909 at $119,500 posts ROI 25.11% with $172/mo cash flow from $900/mo rent. Total monthly income equals $900/mo, and annual cash flow records $2,059/yr on $39,614 to close. Return on cash invested measures 25.11% and rental yield reads 9.04% at the current $119,500. Equity gained on principal adds $771/yr, and 5% annual appreciation supports $33,016 by year five. Five-year ROI prints 130.64% and total cumulative return in cash totals $51,750.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $900/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1948
7,405 sqft 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: Karen R Etheridge • Sun Realty - Kitty Hawk / Currituck
Mls Name: OBAR
Mls ID: #131077