701 Leo DriveElm CityNC27822
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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 701 Leo Drive, Elm City, NC, 27822 earns $594/mo cash flow from $1,782/mo rent with a $954/mo payment. Total monthly income totals $1,782/mo, and annual cash flow totals $7,128/yr on $64,643 capital. ROI tracks 30.94% on current figures, and rental yield reads 10.97% at a $195,000 purchase. Equity gained on principal adds $1,258/yr, and 5% annual appreciation supports $53,875 over five years. Five-year ROI reaches 161.83% and total cumulative return in cash sums $104,614. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,782/mo property income instead of your personal income.
Single Family
Built in 1975
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27822, Elm City, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,733 (100%) |
| Owner Occupied HU | 2,723 (72.9%) |
| Renter Occupied HU | 693 (18.6%) |
| Vacant Housing Units | 317 ( 8.5%) |
| Median Home Value | $192,828 |
| Average Home Value | $231,340 |
Housing Distribution
Address Breakdown
Residential
3,484
Single Family
3,484
Multi-Family
0
Businesses
152
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Listed by: Karena Stipp • REAL Broker LLC
Mls Name: Hive MLS
Mls ID: #100543255