1119 Highway 218 Hwy WIndian TrailNC28079
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 Indian Trail at 1119 Highway 218 Hwy W, Indian Trail, NC, 28079 listed at $204,900 pairs $1,446/mo rent with a $1,003/mo payment to leave $197/mo cash flow. Total monthly income runs $1,446/mo, and annual cash flow reaches $2,365/yr on $67,924 cash to close. Return on cash invested measures 23.39% in year one, and rental yield registers 8.47% at a $204,900 basis. Equity gained on principal adds $1,322/yr, and annual property appreciation at 5% supports $56,610 by year five. Five-year ROI tracks 121.46% and total cumulative return in cash totals $82,498. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,446/mo property income relative to a $1,003/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1968
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28079, Indian Trail, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 15,681 (100%) |
| Owner Occupied HU | 12,575 (80.2%) |
| Renter Occupied HU | 2,629 (16.8%) |
| Vacant Housing Units | 477 ( 3.0%) |
| Median Home Value | $397,170 |
| Average Home Value | $459,396 |
Housing Distribution
Address Breakdown
Residential
16,142
Single Family
15,637
Multi-Family
505
Businesses
1,480
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Matthew Lowe • DW Realty Team Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4317959