717 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
Rental property for sale in Elm City at 717 Cobb Rd, Elm City, NC, 27822 generates $1,882/mo in rent and, after a $770/mo payment, leaves $883/mo in cash flow. Total monthly income is $1,882/mo, and annual cash flow is $10,593/yr on $52,178 invested. Return on cash invested sits at 40.21% in year one, and rental yield is 14.35% on a $157,400 entry. Equity gained on principal adds $1,016/yr, while 5% annual appreciation builds toward $43,487 over five years. Five-year ROI reaches 211.95% and total cumulative return in cash sums $110,593. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,882/mo property income rather than buyer’s personal income.
Single Family
Built in 1977
0.29 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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