1115 Cross Creek DrWalnut CoveNC27052
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 Walnut Cove at 1115 Cross Creek Dr, Walnut Cove, NC, 27052 offers a 7.49% rental yield on a $339,900 purchase with $2,122/mo rent. Total monthly income registers $2,122/mo, and a $1,664/mo payment leaves $50/mo available for distribution. Annual cash flow reaches $601/yr on $112,677 to close, and return on cash invested stands at 20.44% in year one. Equity gained on principal adds $2,193/yr while 5% annual appreciation supports $93,908 over five years. Portfolio math shows five-year ROI at 105.61% and total cumulative return in cash at $119,003. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,122/mo property income against a $1,664/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1999
1.94 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27052, Walnut Cove, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,825 (100%) |
| Owner Occupied HU | 3,323 (68.9%) |
| Renter Occupied HU | 1,017 (21.1%) |
| Vacant Housing Units | 485 (10.1%) |
| Median Home Value | $212,915 |
| Average Home Value | $258,539 |
Housing Distribution
Address Breakdown
Residential
4,322
Single Family
4,269
Multi-Family
53
Businesses
243
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tim Richardson • New Beginning Group
Mls Name: Triad MLS
Mls ID: #1206577