603 Witherspoon 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
Rental property for sale in Elizabeth City at 603 Witherspoon Street, Elizabeth City, NC, 27909 priced at $225,000 pairs $1,394/mo rent with $23/mo cash flow after a $1,101/mo payment. Total monthly income equals $1,394/mo, and annual cash flow comes to $276/yr on $74,588 invested. Return on cash invested is 20.28% in year one, and rental yield stands at 7.43% on a $225,000 basis. Equity gained on principal adds $1,452/yr, and 5% annual appreciation accumulates to $62,163 by year five. Five-year ROI measures 104.7% and total cumulative return in cash reaches $78,093. For financing, Ziffy Mortgage’s DSCR program evaluates $1,394/mo property income against a $1,101/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1936
5,227 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: Latoyia Bailey • Howard Hanna WEW/EC
Mls Name: Hive MLS
Mls ID: #100521572