953 Old Ferry RdEdentonNC27932
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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 Edenton at 953 Old Ferry Rd, Edenton, NC, 27932 offers a 3.77% rental yield on a $769,500 purchase with $2,419/mo rent. 3% in year one. Equity gained on principal adds $4,965/yr while 5% annual appreciation supports $212,599 over five years. Portfolio math shows five-year ROI at 45.79% and total cumulative return in cash at $115,916. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,419/mo property income against a $3,766/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1996
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27932, Edenton, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,352 (100%) |
| Owner Occupied HU | 3,602 (56.7%) |
| Renter Occupied HU | 1,643 (25.9%) |
| Vacant Housing Units | 1,107 (17.4%) |
| Median Home Value | $242,050 |
| Average Home Value | $335,888 |
Housing Distribution
Address Breakdown
Residential
5,795
Single Family
5,676
Multi-Family
119
Businesses
619
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Listed by: Holly Long • The Real Estate Group
Mls Name: REIN Inc.
Mls ID: #10616672