614 Carolina StRoanoke RapidsNC27870
Nearby investment properties with comparable rents
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
Investment property for sale in Roanoke Rapids at 614 Carolina St, Roanoke Rapids, NC, 27870 at $165,000 posts ROI 28.08% with $372/mo cash flow from $1,406/mo rent. Total monthly income equals $1,406/mo, and annual cash flow records $4,468/yr on $54,698 to close. Return on cash invested measures 28.08% and rental yield reads 10.23% at the current $165,000. Equity gained on principal adds $1,065/yr, and 5% annual appreciation supports $45,586 by year five. Five-year ROI prints 146.79% and total cumulative return in cash totals $80,291.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,406/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1964
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27870, Roanoke Rapids, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,248 (100%) |
| Owner Occupied HU | 6,539 (53.4%) |
| Renter Occupied HU | 4,292 (35.0%) |
| Vacant Housing Units | 1,417 (11.6%) |
| Median Home Value | $148,653 |
| Average Home Value | $203,912 |
Housing Distribution
Address Breakdown
Residential
11,705
Single Family
10,933
Multi-Family
772
Businesses
1,103
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Nearby investment properties with comparable prices
Listed by: Leslie Acree • Wilkie Real Estate
Mls Name: Roanoke Valley Lake Gaston BOR
Mls ID: #138415
Disclaimer: Copyright Roanoke Valley Lake Gaston Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.