102 Lake DrWendellNC27591
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play102 Lake Dr, Wendell, NC, 27591 in Wendell is priced for appreciation, not yield. Rental yield 5.99%. At $350,000 with a 5.99% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $96,699 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (1.11) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $107,239.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6% | 5.9% |
| Monthly Cash Flow | $(394) | $1,800 |
City averages based on Wendell market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,748 |
| Total Monthly Debt Service | $2,003 |
| DSCR Ratio | 0.87x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Multi Family
Built in 1966
0.37 Acres lot
$N/A/sqft
No HOA
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
Multi Family
Built in 1966
0.37 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jami Amidon • Keller Williams Realty
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10094741
Disclaimer: The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS. Copyright 2025 Doorify MLS of North Carolina. All rights reserved.