604 Speight DriveRocky MountNC27803
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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
Rental property for sale in Rocky Mount at 604 Speight Drive, Rocky Mount, NC, 27803 priced at $209,900 pairs $1,602/mo rent with $323/mo cash flow after a $1,027/mo payment. Total monthly income equals $1,602/mo, and annual cash flow comes to $3,877/yr on $69,582 invested. Return on cash invested is 25.48% in year one, and rental yield stands at 9.16% on a $209,900 basis. Equity gained on principal adds $1,354/yr, and 5% annual appreciation accumulates to $57,992 by year five. Five-year ROI measures 132.65% and total cumulative return in cash reaches $92,300. For financing, Ziffy Mortgage’s DSCR program evaluates $1,602/mo property income against a $1,027/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1990
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27803, Rocky Mount, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,440 (100%) |
| Owner Occupied HU | 5,555 (53.2%) |
| Renter Occupied HU | 3,920 (37.5%) |
| Vacant Housing Units | 965 ( 9.2%) |
| Median Home Value | $206,523 |
| Average Home Value | $233,303 |
Housing Distribution
Address Breakdown
Residential
9,205
Single Family
8,940
Multi-Family
265
Businesses
389
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Listed by: Michael Shane Whitley • Market Leader Realty, LLC.
Mls Name: Hive MLS
Mls ID: #100538885