1233 Elk Falls DrWendellNC27591
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingCapital preservation and steady income define 1233 Elk Falls Dr, Wendell, NC, 27591 in Wendell. Rental yield 6.59%. The 1.22 coverage passes Ziffy Mortgage's DSCR threshold for non-U.S. residents. Five-year appreciation of $130,957 and $4,366/yr in principal reduction project total return of $144,705.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.6% | 5.9% |
| Monthly Cash Flow | $(561) | $1,800 |
City averages based on Wendell market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,603 |
| Total Monthly Debt Service | $2,975 |
| DSCR Ratio | 0.87x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2018
5,662 sqft lot
$N/A/sqft
$195 monthly HOA
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
Single Family
Built in 2018
5,662 sqft lot
$N/A/sqft
$195 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Don Gomez • C-A-RE Realty
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10121272
Disclaimer: The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS. Copyright 2025 Doorify MLS of North Carolina. All rights reserved.