1008 Mill Creek RdWakeVA23176
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
Investment property for sale in Wake at 1008 Mill Creek Rd, Wake, VA, 23176 uses $89,174 cash to close to unlock $11,299/yr annual cash flow and $942/mo monthly cash flow. Total monthly income runs $2,550/mo, and a $1,317/mo payment keeps the spread at $942/mo. Purchase price stands at $269,000, and rental yield measures 11.38% with $2,550/mo rent. Return on cash invested shows 32.58% in year one, and 5% annual appreciation builds toward $74,320 over five years. Five-year ROI reaches 170.52% and total cumulative return in cash records $152,063. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,550/mo property income covering a $1,317/mo payment rather than investor’s personal income.
Single Family
Built in 1970
2.88 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 23176, Wake, VA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 383 (100%) |
| Owner Occupied HU | 237 (61.9%) |
| Renter Occupied HU | 41 (10.7%) |
| Vacant Housing Units | 105 (27.4%) |
| Median Home Value | $357,813 |
| Average Home Value | $414,905 |
Housing Distribution
Address Breakdown
Residential
260
Single Family
260
Multi-Family
0
Businesses
5
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices