731 Monroe StRoanoke 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 731 Monroe St, Roanoke Rapids, NC, 27870 with 5% annual appreciation on a $129,900 basis while $1,006/mo rent supports operations. Total monthly income totals $1,006/mo and a $636/mo payment preserves $173/mo for cash returns. Annual cash flow comes to $2,081/yr on $43,062 deployed, and return on cash invested reaches 24.74% in year one. Equity gained on principal adds $838/yr, and five-year appreciation sums $35,889 alongside rental yield of 9.29%. Five-year ROI measures 129.1% and total cumulative return in cash totals $55,591.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,006/mo property income versus a $636/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1930
6,098 sqft 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: Henry B. Ford • Wilkie Real Estate
Mls Name: Roanoke Valley Lake Gaston BOR
Mls ID: #138372
Disclaimer: Copyright Roanoke Valley Lake Gaston Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.