707 Rivers Edge PkwyRoanoke 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
Investment property for sale in Roanoke Rapids at 707 Rivers Edge Pkwy, Roanoke Rapids, NC, 27870 uses $124,313 cash to close to unlock $11,362/yr annual cash flow and $947/mo monthly cash flow. Total monthly income runs $3,469/mo, and a $1,835/mo payment keeps the spread at $947/mo. Purchase price stands at $375,000, and rental yield measures 11.1% with $3,469/mo rent. Return on cash invested shows 29.05% in year one, and 5% annual appreciation builds toward $103,606 over five years. Five-year ROI reaches 152.55% and total cumulative return in cash records $189,639. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,469/mo property income covering a $1,835/mo payment rather than investor’s personal income.
Single Family
Built in 2008
0.32 Acres 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: Betty Harris • Wilkie Real Estate
Mls Name: Roanoke Valley Lake Gaston BOR
Mls ID: #139390
Disclaimer: Copyright Roanoke Valley Lake Gaston Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.