609 Millbrooke CircleElizabeth 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 609 Millbrooke Circle, Elizabeth City, NC, 27909 earns $538/mo cash flow from $2,458/mo rent with a $1,542/mo payment. Total monthly income totals $2,458/mo, and annual cash flow totals $6,456/yr on $104,423 capital. ROI tracks 26.09% on current figures, and rental yield reads 9.36% at a $315,000 purchase. Equity gained on principal adds $2,033/yr, and 5% annual appreciation supports $87,029 over five years. Five-year ROI reaches 135.86% and total cumulative return in cash sums $141,869. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,458/mo property income instead of your personal income.
Single Family
Built in 2013
10,454 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: #100546846