8498 W Tarboro RdRocky MountNC27803
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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 Rocky Mount at 8498 W Tarboro Rd, Rocky Mount, NC, 27803 priced at $400,000 converts $1,807/mo rent into after a $1,958/mo obligation. Total monthly income equals $1,807/mo. Return on cash invested prints 14.2% in year one, and rental yield reads 5.42% against a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation compiles into $110,513 by year five. Five-year ROI reaches 72.08% and total cumulative return in cash sums $95,584. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,807/mo property income covering a $1,958/mo payment, not borrower’s personal income.
Single Family
Built in 1902
23.67 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27803, Rocky Mount, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,440 (100%) |
| Owner Occupied HU | 5,555 (53.2%) |
| Renter Occupied HU | 3,920 (37.5%) |
| Vacant Housing Units | 965 ( 9.2%) |
| Median Home Value | $206,523 |
| Average Home Value | $233,303 |
Housing Distribution
Address Breakdown
Residential
9,205
Single Family
8,940
Multi-Family
265
Businesses
389
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Listed by: Tracie Marie Hicks • Whitetail Properties, LLC
Mls Name: Doorify MLS
Mls ID: #10131793