1499 Ring RdWestfieldNC27053
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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 Westfield at 1499 Ring Rd, Westfield, NC, 27053 generates $1,268/mo in rent and, after a $974/mo payment, leaves $55/mo in cash flow. Total monthly income is $1,268/mo, and annual cash flow is $662/yr on $65,969 invested. Return on cash invested sits at 20.91% in year one, and rental yield is 7.65% on a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 108.15% and total cumulative return in cash sums $71,346. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,268/mo property income rather than buyer’s personal income.
Manufactured
Built in 2002
4.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27053, Westfield, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,561 (100%) |
| Owner Occupied HU | 1,044 (66.9%) |
| Renter Occupied HU | 209 (13.4%) |
| Vacant Housing Units | 308 (19.7%) |
| Median Home Value | $222,750 |
| Average Home Value | $260,208 |
Housing Distribution
Address Breakdown
Residential
1,393
Single Family
1,393
Multi-Family
0
Businesses
39
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Listed by: Matthew Millaway • eXp Realty
Mls Name: Triad MLS
Mls ID: #1191638