1224 State Highway 11WillardNC28478
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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 Willard at 1224 State Highway 11, Willard, NC, 28478 generates $1,630/mo in rent and, after a $881/mo payment, leaves $533/mo in cash flow. Total monthly income is $1,630/mo, and annual cash flow is $6,396/yr on $59,670 invested. Return on cash invested sits at 30.63% in year one, and rental yield is 10.87% on a $180,000 entry. Equity gained on principal adds $1,162/yr, while 5% annual appreciation builds toward $49,731 over five years. Five-year ROI reaches 160.17% and total cumulative return in cash sums $95,573. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,630/mo property income rather than buyer’s personal income.
Manufactured
Built in 1999
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28478, Willard, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,205 (100%) |
| Owner Occupied HU | 1,475 (66.9%) |
| Renter Occupied HU | 365 (16.6%) |
| Vacant Housing Units | 365 (16.6%) |
| Median Home Value | $170,319 |
| Average Home Value | $253,061 |
Housing Distribution
Address Breakdown
Residential
2,016
Single Family
2,016
Multi-Family
0
Businesses
79
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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