644 Carolina AveRocky MountNC27801
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
Rental property for sale in Rocky Mount at 644 Carolina Ave, Rocky Mount, NC, 27801 priced at $155,000 converts $1,101/mo rent into $156/mo cash flow after a $759/mo obligation. Total monthly income equals $1,101/mo, and annual cash flow totals $1,872/yr on $51,383 invested. Return on cash invested prints 23.55% in year one, and rental yield reads 8.52% against a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation compiles into $42,824 by year five. Five-year ROI reaches 122.24% and total cumulative return in cash sums $62,812. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,101/mo property income covering a $759/mo payment, not borrower’s personal income.
Single Family
Built in 1920
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27801, Rocky Mount, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,293 (100%) |
| Owner Occupied HU | 3,994 (43.0%) |
| Renter Occupied HU | 3,816 (41.1%) |
| Vacant Housing Units | 1,483 (16.0%) |
| Median Home Value | $124,559 |
| Average Home Value | $165,576 |
Housing Distribution
Address Breakdown
Residential
8,351
Single Family
8,096
Multi-Family
255
Businesses
328
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dawn Hooper • NACA
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10066632
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