1002 Crescent WayWingateNC28174
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 Wingate at 1002 Crescent Way, Wingate, NC, 28174 priced at $229,900 pairs $2,038/mo rent with $637/mo cash flow after a $1,125/mo payment. Total monthly income equals $2,038/mo, and annual cash flow comes to $7,645/yr on $76,212 invested. Return on cash invested is 29.94% in year one, and rental yield stands at 10.64% on a $229,900 basis. Equity gained on principal adds $1,484/yr, and 5% annual appreciation accumulates to $63,517 by year five. Five-year ROI measures 156.57% and total cumulative return in cash reaches $119,327. For financing, Ziffy Mortgage’s DSCR program evaluates $2,038/mo property income against a $1,125/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1998
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28174, Wingate, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,908 (100%) |
| Owner Occupied HU | 1,978 (68.0%) |
| Renter Occupied HU | 760 (26.1%) |
| Vacant Housing Units | 170 ( 5.8%) |
| Median Home Value | $335,447 |
| Average Home Value | $407,078 |
Housing Distribution
Address Breakdown
Residential
2,605
Single Family
2,538
Multi-Family
67
Businesses
133
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Nearby investment properties with comparable prices
Listed by: Josh Bragg • Fulcrum Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4199015
Disclaimer: Based on information submitted to the MLS GRID as of 2024-01-24 10:55:15 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_87)