605 Hammond StRocky MountNC27804
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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 Rocky Mount at 605 Hammond St, Rocky Mount, NC, 27804 with 5% annual appreciation on a $299,900 basis while $1,909/mo rent supports operations. Total monthly income totals $1,909/mo and a $1,468/mo payment preserves $81/mo for cash returns. Annual cash flow comes to $973/yr on $99,417 deployed, and return on cash invested reaches 20.89% in year one. Equity gained on principal adds $1,935/yr, and five-year appreciation sums $82,857 alongside rental yield of 7.64%. Five-year ROI measures 108.02% and total cumulative return in cash totals $107,392.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,909/mo property income versus a $1,468/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1910
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27804, Rocky Mount, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,212 (100%) |
| Owner Occupied HU | 7,284 (51.3%) |
| Renter Occupied HU | 5,678 (40.0%) |
| Vacant Housing Units | 1,250 ( 8.8%) |
| Median Home Value | $223,203 |
| Average Home Value | $235,705 |
Housing Distribution
Address Breakdown
Residential
13,554
Single Family
12,874
Multi-Family
680
Businesses
1,936
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Listed by: Yolanda Wilson • ITM Real Estate Management
Mls Name: Doorify MLS
Mls ID: #10139614