603 Maple StreetElizabeth 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
Investment property for sale in Elizabeth City at 603 Maple Street, Elizabeth City, NC, 27909 with 5% annual appreciation on a $200,000 basis while $1,586/mo rent supports operations. Total monthly income totals $1,586/mo and a $979/mo payment preserves $367/mo for cash returns. Annual cash flow comes to $4,404/yr on $66,300 deployed, and return on cash invested reaches 26.55% in year one. Equity gained on principal adds $1,291/yr, and five-year appreciation sums $55,256 alongside rental yield of 9.52%. Five-year ROI measures 138.33% and total cumulative return in cash totals $91,712.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,586/mo property income versus a $979/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1920
6,098 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: Amber Lee • Opening Doors Realty
Mls Name: Hive MLS
Mls ID: #100543250