603 Dr Martin Luther King DrEdentonNC27932
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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 Edenton at 603 Dr Martin Luther King Dr, Edenton, NC, 27932 with 5% annual appreciation on a $100,000 basis while $781/mo rent supports operations. Total monthly income totals $781/mo and a $489/mo payment preserves $172/mo for cash returns. Annual cash flow comes to $2,064/yr on $33,150 deployed, and return on cash invested reaches 26.14% in year one. Equity gained on principal adds $645/yr, and five-year appreciation sums $27,628 alongside rental yield of 9.37%. Five-year ROI measures 136.08% and total cumulative return in cash totals $45,112.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $781/mo property income versus a $489/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1994
N/A 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: Johanna Kelley • N/A
Mls Name: Hubzu
Mls ID: #501866830912AUCN37