903 Martin Luther King Jr DriveTarboroNC27886
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Tarboro at 903 Martin Luther King Jr Drive, Tarboro, NC, 27886 generates $1,502/mo in rent and, after a $678/mo payment, leaves $658/mo in cash flow. Total monthly income is $1,502/mo, and annual cash flow is $7,894/yr on $45,913 invested. Return on cash invested sits at 37.1% in year one, and rental yield is 13.01% on a $138,500 entry. Equity gained on principal adds $894/yr, while 5% annual appreciation builds toward $38,265 over five years. Five-year ROI reaches 194.94% and total cumulative return in cash sums $89,503. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,502/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27886, Tarboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,909 (100%) |
| Owner Occupied HU | 4,803 (53.9%) |
| Renter Occupied HU | 3,069 (34.4%) |
| Vacant Housing Units | 1,037 (11.6%) |
| Median Home Value | $135,882 |
| Average Home Value | $192,528 |
Housing Distribution
Address Breakdown
Residential
8,543
Single Family
7,969
Multi-Family
574
Businesses
783
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jason Walters Real Estate Team • EXP Realty LLC - C
Mls Name: Hive MLS
Mls ID: #100540210