973 Scott RoadElizabeth CityNC27909
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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 Elizabeth City at 973 Scott Road, Elizabeth City, NC, 27909 generates $1,849/mo in rent and, after a $1,317/mo payment, leaves $209/mo in cash flow. Total monthly income is $1,849/mo, and annual cash flow is $2,510/yr on $89,174 invested. Return on cash invested sits at 22.72% in year one, and rental yield is 8.25% on a $269,000 entry. Equity gained on principal adds $1,736/yr, while 5% annual appreciation builds toward $74,320 over five years. Five-year ROI reaches 117.87% and total cumulative return in cash sums $105,107. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,849/mo property income rather than buyer’s personal income.
Manufactured
Built in 2004
0.57 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
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Listed by: Jonathan Moore • Water Street Real Estate Group
Mls Name: Hive MLS
Mls ID: #100544485