13289 Covered Bridge RdZebulonNC27597
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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 Zebulon at 13289 Covered Bridge Rd, Zebulon, NC, 27597 uses $94,444 cash to close to unlock $7,309/yr annual cash flow and $609/mo monthly cash flow. Total monthly income runs $2,345/mo, and a $1,394/mo payment keeps the spread at $609/mo. Purchase price stands at $284,900, and rental yield measures 9.88% with $2,345/mo rent. Return on cash invested shows 27.65% in year one, and 5% annual appreciation builds toward $78,713 over five years. Five-year ROI reaches 144.26% and total cumulative return in cash records $136,247. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,345/mo property income covering a $1,394/mo payment rather than investor’s personal income.
Manufactured
Built in 1997
2.15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27597, Zebulon, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,589 (100%) |
| Owner Occupied HU | 10,303 (75.8%) |
| Renter Occupied HU | 2,656 (19.5%) |
| Vacant Housing Units | 630 ( 4.6%) |
| Median Home Value | $398,188 |
| Average Home Value | $526,668 |
Housing Distribution
Address Breakdown
Residential
13,292
Single Family
13,259
Multi-Family
33
Businesses
632
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Listed by: Dan Carlton • Homes by Carlton Realty, LLC
Mls Name: Doorify MLS
Mls ID: #10123766