1304 Colonial Avenue NWWilsonNC27896
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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 Wilson at 1304 Colonial Avenue NW, Wilson, NC, 27896 offers a 8.95% rental yield on a $239,900 purchase with $1,790/mo rent. Total monthly income registers $1,790/mo, and a $1,174/mo payment leaves $328/mo available for distribution. Annual cash flow reaches $3,937/yr on $79,527 to close, and return on cash invested stands at 24.86% in year one. Equity gained on principal adds $1,548/yr while 5% annual appreciation supports $66,280 over five years. Portfolio math shows five-year ROI at 129.32% and total cumulative return in cash at $102,847. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,790/mo property income against a $1,174/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1966
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27896, Wilson, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,443 (100%) |
| Owner Occupied HU | 5,877 (62.2%) |
| Renter Occupied HU | 2,840 (30.1%) |
| Vacant Housing Units | 726 ( 7.7%) |
| Median Home Value | $287,749 |
| Average Home Value | $307,293 |
Housing Distribution
Address Breakdown
Residential
9,266
Single Family
8,402
Multi-Family
864
Businesses
543
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Listed by: Debbie Reason • Our Town Properties Inc.
Mls Name: Hive MLS
Mls ID: #100546437