1038 Garris Creek Ln NE, Winnabow, NC, 28479 | $1,109/mo Cash Flow

For Sale

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NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Winnabow at 1038 Garris Creek Ln NE, Winnabow, NC, 28479 uses $96,291 cash to close to unlock $13,313/yr annual cash flow and $1,109/mo monthly cash flow. Total monthly income runs $2,880/mo, and a $1,422/mo payment keeps the spread at $1,109/mo. Purchase price stands at $290,470, and rental yield measures 11.9% with $2,880/mo rent. Return on cash invested shows 33.74% in year one, and 5% annual appreciation builds toward $80,252 over five years. Five-year ROI reaches 176.88% and total cumulative return in cash records $170,324. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,880/mo property income covering a $1,422/mo payment rather than investor’s personal income.

Single Family

Built in 2025

N/A lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 28479, Winnabow, NC area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,104 (100%)
Owner Occupied HU	2,408 (77.6%)
Renter Occupied HU	479 (15.4%)
Vacant Housing Units	217 ( 7.0%)
Median Home Value	$344,408
Average Home Value	$360,289