1516 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 1516 Middle Ridge Dr, Willow Spring, NC, 27592 listed at $356,900 pairs $2,203/mo rent with a $1,747/mo payment to leave $28/mo cash flow. Total monthly income runs $2,203/mo, and annual cash flow reaches $333/yr on $118,312 cash to close. Return on cash invested measures 20.19% in year one, and rental yield registers 7.41% at a $356,900 basis. Equity gained on principal adds $2,303/yr, and annual property appreciation at 5% supports $98,605 by year five. Five-year ROI tracks 104.23% and total cumulative return in cash totals $123,320. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,203/mo property income relative to a $1,747/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1998
1.15 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: Connie Bradshaw • HomeTowne Realty Clayton East
Mls Name: Doorify MLS
Mls ID: #10129311