1508 Middle Ridge DrWillow SpringNC27592
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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 Willow Spring at 1508 Middle Ridge Dr, Willow Spring, NC, 27592 earns from $2,120/mo rent with a $1,835/mo payment. Total monthly income totals $2,120/mo. ROI tracks 18.32% on current figures, and rental yield reads 6.79% at a $374,900 purchase. Equity gained on principal adds $2,419/yr, and 5% annual appreciation supports $103,578 over five years. Five-year ROI reaches 94.21% and total cumulative return in cash sums $117,079. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,120/mo property income instead of your personal income.
Single Family
Built in 1998
1.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27592, Willow Spring, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,263 (100%) |
| Owner Occupied HU | 6,096 (83.9%) |
| Renter Occupied HU | 987 (13.6%) |
| Vacant Housing Units | 180 ( 2.5%) |
| Median Home Value | $414,593 |
| Average Home Value | $461,574 |
Housing Distribution
Address Breakdown
Residential
7,214
Single Family
7,214
Multi-Family
0
Businesses
191
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Listed by: Jodi Walsh • Allen Tate/Cary
Mls Name: Doorify MLS
Mls ID: #10126935