121 Polaris DrWingateNC28174
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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
Investment property for sale in Wingate at 121 Polaris Dr, Wingate, NC, 28174 offers a 8.93% rental yield on a $315,000 purchase with $2,344/mo rent. Total monthly income registers $2,344/mo, and a $1,542/mo payment leaves $424/mo available for distribution. Annual cash flow reaches $5,088/yr on $104,423 to close, and return on cash invested stands at 24.78% in year one. Equity gained on principal adds $2,033/yr while 5% annual appreciation supports $87,029 over five years. Portfolio math shows five-year ROI at 128.84% and total cumulative return in cash at $134,537. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,344/mo property income against a $1,542/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2001
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28174, Wingate, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,908 (100%) |
| Owner Occupied HU | 1,978 (68.0%) |
| Renter Occupied HU | 760 (26.1%) |
| Vacant Housing Units | 170 ( 5.8%) |
| Median Home Value | $335,447 |
| Average Home Value | $407,078 |
Housing Distribution
Address Breakdown
Residential
2,605
Single Family
2,538
Multi-Family
67
Businesses
133
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Listed by: Kim Parker • RE/MAX Results
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4327923