1024 N Ridge DrYadkinvilleNC27055
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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 Yadkinville at 1024 N Ridge Dr, Yadkinville, NC, 27055 offers a 11.47% rental yield on a $190,000 purchase with $1,816/mo rent. Total monthly income registers $1,816/mo, and a $930/mo payment leaves $658/mo available for distribution. Annual cash flow reaches $7,896/yr on $62,985 to close, and return on cash invested stands at 32.45% in year one. Equity gained on principal adds $1,226/yr while 5% annual appreciation supports $52,494 over five years. Portfolio math shows five-year ROI at 169.93% and total cumulative return in cash at $107,028. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,816/mo property income against a $930/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1999
1.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27055, Yadkinville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,410 (100%) |
| Owner Occupied HU | 4,276 (66.7%) |
| Renter Occupied HU | 1,432 (22.3%) |
| Vacant Housing Units | 702 (11.0%) |
| Median Home Value | $211,946 |
| Average Home Value | $259,221 |
Housing Distribution
Address Breakdown
Residential
5,810
Single Family
5,690
Multi-Family
120
Businesses
498
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Listed by: Briana Portillo • JPAR Legacy Group
Mls Name: Triad MLS
Mls ID: #1193969