911 Shillingtown Rd #2Elizabeth CityNC27909
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 Elizabeth City at 911 Shillingtown Rd #2, Elizabeth City, NC, 27909 generates $2,659/mo in rent and, after a $1,659/mo payment, leaves $593/mo in cash flow. Total monthly income is $2,659/mo, and annual cash flow is $7,118/yr on $112,379 invested. Return on cash invested sits at 26.24% in year one, and rental yield is 9.41% on a $339,000 entry. Equity gained on principal adds $2,188/yr, while 5% annual appreciation builds toward $93,659 over five years. Five-year ROI reaches 136.71% and total cumulative return in cash sums $153,628. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,659/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
0.99 Acres 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 |
Housing Distribution
Address Breakdown
Residential
17,483
Single Family
17,279
Multi-Family
204
Businesses
1,292
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: The Tammy Shilling Team • Long & Foster Real Estate - Kitty Hawk / OBX
Mls Name: OBAR
Mls ID: #131565