737 Riverside Avenue, Elizabeth City, NC, 27909 | $174/mo Cash Flow

For Sale

Fix & Flip

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Elizabeth City at 737 Riverside Avenue, Elizabeth City, NC, 27909 listed at $230,000 pairs $1,576/mo rent with a $1,126/mo payment to leave $174/mo cash flow. Total monthly income runs $1,576/mo, and annual cash flow reaches $2,088/yr on $76,245 cash to close. Return on cash invested measures 22.65% in year one, and rental yield registers 8.22% at a $230,000 basis. Equity gained on principal adds $1,484/yr, and annual property appreciation at 5% supports $63,545 by year five. Five-year ROI tracks 117.37% and total cumulative return in cash totals $89,491. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,576/mo property income relative to a $1,126/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1905

6,534 sqft lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 27909, Elizabeth City, NC area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	18,132 (100%)
Owner Occupied HU	10,487 (57.8%)
Renter Occupied HU	5,861 (32.3%)
Vacant Housing Units	1,784 ( 9.8%)
Median Home Value	$256,977
Average Home Value	$298,406