St. Simons Spinnaker DriveElizabeth 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
Investment property for sale in Elizabeth City at St. Simons Spinnaker Drive, Elizabeth City, NC, 27909 with 5% annual appreciation on a $450,900 basis while $3,110/mo rent supports operations. Total monthly income totals $3,110/mo and a $2,207/mo payment preserves $327/mo for cash returns. Annual cash flow comes to $3,923/yr on $149,473 deployed, and return on cash invested reaches 22.53% in year one. Equity gained on principal adds $2,910/yr, and five-year appreciation sums $124,575 alongside rental yield of 8.28%. Five-year ROI measures 116.89% and total cumulative return in cash totals $174,720.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $3,110/mo property income versus a $2,207/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2024
0.35 sqft lot
$N/A/sqft
$420 annually 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: Russell Bryant • Creed Realty
Mls Name: Hive MLS
Mls Provider:
Mls ID: #100445613
Disclaimer: The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS, and is updated as of 2025-02-21 19:59:35 PST. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Zillow, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 2025-02-21 19:59:35 PST Hive MLS