1075 Lake Wright RdChina GroveNC28023
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 China Grove at 1075 Lake Wright Rd, China Grove, NC, 28023 listed at $1,199,900 pairs $1,560/mo rent with a $5,873/mo payment. Total monthly income runs $1,560/mo. Return on cash invested measures 2.61% in year one, and rental yield registers 1.56% at a $1,199,900 basis. Equity gained on principal adds $7,743/yr, and annual property appreciation at 5% supports $331,510 by year five. Five-year ROI tracks 9.88% and total cumulative return in cash totals $38,392. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,560/mo property income relative to a $5,873/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2025
0.93 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28023, China Grove, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,449 (100%) |
| Owner Occupied HU | 4,807 (74.5%) |
| Renter Occupied HU | 1,226 (19.0%) |
| Vacant Housing Units | 416 ( 6.5%) |
| Median Home Value | $282,736 |
| Average Home Value | $345,124 |
Housing Distribution
Address Breakdown
Residential
6,306
Single Family
6,306
Multi-Family
0
Businesses
396
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Nearby investment properties with comparable prices
Listed by: Tina Byrne • Byrne Properties, Inc.
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4278354