1409 Knollwood Drive 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
Rental property for sale in Wilson at 1409 Knollwood Drive NW, Wilson, NC, 27896 offers $2,126/mo rent that, after a $1,581/mo payment, leaves $157/mo cash flow. Total monthly income is $2,126/mo, and annual cash flow is $1,889/yr on $107,075 cash. Return on cash invested measures 21.67% in year one, and rental yield stands at 7.9% at a $323,000 entry. Equity gained on principal adds $2,084/yr while 5% annual appreciation compounds into $89,239 by year five. Five-year ROI records 112.19% and total cumulative return in cash reaches $120,129. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,126/mo property income versus a $1,581/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
0.39 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: Johnna Dorough • Branco Realty
Mls Name: NCRMLS
Mls Provider:
Mls ID: #100452662
Disclaimer: The data relating to real estate on this web site comes in part from the Internet Data Exchange program of North Carolina Regional MLS LLC, and is updated as of 2024-02-16 15:12:29 PST. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Zillow, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 2024 North Carolina Regional MLS LLC