The Lee Plan, Tooley HarborElizabeth 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 The Lee Plan, Tooley Harbor, Elizabeth City, NC, 27909 offers $5,131/mo rent that, after a $2,605/mo payment, leaves $1,887/mo cash flow. Total monthly income is $5,131/mo, and annual cash flow is $22,647/yr on $175,127 cash. Return on cash invested measures 32.99% in year one, and rental yield stands at 11.57% at a $532,300 entry. Equity gained on principal adds $3,435/yr while 5% annual appreciation compounds into $147,065 by year five. Five-year ROI records 172.86% and total cumulative return in cash reaches $302,721. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,131/mo property income versus a $2,605/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
N/A 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: N/A • Kirbor Homes
Mls Name: Kirbor Homes
Mls ID: #N/A