638 Jefferson St #BRoanoke RapidsNC27870
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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 Roanoke Rapids at 638 Jefferson St #B, Roanoke Rapids, NC, 27870 priced at $145,900 pairs $1,080/mo rent with $191/mo cash flow after a $714/mo payment. Total monthly income equals $1,080/mo, and annual cash flow comes to $2,291/yr on $48,366 invested. Return on cash invested is 24.65% in year one, and rental yield stands at 8.88% on a $145,900 basis. Equity gained on principal adds $941/yr, and 5% annual appreciation accumulates to $40,309 by year five. Five-year ROI measures 128.1% and total cumulative return in cash reaches $61,959. For financing, Ziffy Mortgage’s DSCR program evaluates $1,080/mo property income against a $714/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 1985
9,099 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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Listed by: Helen Smith • Strickland Associates, Inc.
Mls Name: Roanoke Valley Lake Gaston BOR
Mls ID: #140532