6511 Reedy Branch RoadElm CityNC27803
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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 Elm City at 6511 Reedy Branch Road, Elm City, NC, 27803 uses $48,034 cash to close to unlock $9,001/yr annual cash flow and $750/mo monthly cash flow. Total monthly income runs $1,633/mo, and a $709/mo payment keeps the spread at $750/mo. Purchase price stands at $144,900, and rental yield measures 13.52% with $1,633/mo rent. Return on cash invested shows 38.65% in year one, and 5% annual appreciation builds toward $40,033 over five years. Five-year ROI reaches 203.31% and total cumulative return in cash records $97,657. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,633/mo property income covering a $709/mo payment rather than investor’s personal income.
Manufactured
Built in 1997
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27803, Rocky Mount, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,440 (100%) |
| Owner Occupied HU | 5,555 (53.2%) |
| Renter Occupied HU | 3,920 (37.5%) |
| Vacant Housing Units | 965 ( 9.2%) |
| Median Home Value | $206,523 |
| Average Home Value | $233,303 |
Housing Distribution
Address Breakdown
Residential
9,205
Single Family
8,940
Multi-Family
265
Businesses
389
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Listed by: Kelly Bossman • Bossman Real Estate LLC
Mls Name: Hive MLS
Mls Provider:
Mls ID: #100464157
Disclaimer: The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS, and is updated as of 2024-10-17 08:18:46 PDT. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Zillow, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 2024-10-17 08:18:46 PDT Hive MLS