120 Carriedelle LnWilsons MillsNC27577
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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
Rental property for sale in Wilsons Mills at 120 Carriedelle Ln, Wilsons Mills, NC, 27577 priced at $317,700 converts $2,207/mo rent into $271/mo cash flow after a $1,555/mo obligation. Total monthly income equals $2,207/mo, and annual cash flow totals $3,249/yr on $105,318 invested. Return on cash invested prints 22.99% in year one, and rental yield reads 8.34% against a $317,700 entry. Equity gained on principal adds $2,050/yr, while 5% annual appreciation compiles into $87,775 by year five. Five-year ROI reaches 119.26% and total cumulative return in cash sums $125,605. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,207/mo property income covering a $1,555/mo payment, not borrower’s personal income.
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27577, Smithfield, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,080 (100%) |
| Owner Occupied HU | 7,081 (63.9%) |
| Renter Occupied HU | 3,305 (29.8%) |
| Vacant Housing Units | 694 ( 6.3%) |
| Median Home Value | $297,658 |
| Average Home Value | $316,510 |
Housing Distribution
Address Breakdown
Residential
10,438
Single Family
10,287
Multi-Family
151
Businesses
1,187
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Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A