708 Cobb RdElm 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 708 Cobb Rd, Elm City, NC, 27822 offers a 12.03% rental yield on a $169,000 purchase with $1,694/mo rent. Total monthly income registers $1,694/mo, and a $827/mo payment leaves $628/mo available for distribution. Annual cash flow reaches $7,536/yr on $56,024 to close, and return on cash invested stands at 33.36% in year one. Equity gained on principal adds $1,091/yr while 5% annual appreciation supports $46,692 over five years. Portfolio math shows five-year ROI at 175.22% and total cumulative return in cash at $98,167. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,694/mo property income against a $827/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
0.28 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: Leah Spear • Dream Home Raleigh
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10125902
Disclaimer: The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS. Copyright 2025 Doorify MLS of North Carolina. All rights reserved.