160 Reddies StreetNorth wilkesboroNC28659
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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 North wilkesboro at 160 Reddies Street, North wilkesboro, NC, 28659 uses $66,267 cash to close to unlock $6,265/yr annual cash flow and $522/mo monthly cash flow. Total monthly income runs $1,740/mo, and a $978/mo payment keeps the spread at $522/mo. Purchase price stands at $199,900, and rental yield measures 10.45% with $1,740/mo rent. Return on cash invested shows 29.36% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 153.49% and total cumulative return in cash records $101,713. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,740/mo property income covering a $978/mo payment rather than investor’s personal income.
Single Family
Built in 1976
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28659, North Wilkesboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,512 (100%) |
| Owner Occupied HU | 5,818 (61.2%) |
| Renter Occupied HU | 2,668 (28.0%) |
| Vacant Housing Units | 1,026 (10.8%) |
| Median Home Value | $193,873 |
| Average Home Value | $223,238 |
Housing Distribution
Address Breakdown
Residential
9,033
Single Family
8,804
Multi-Family
229
Businesses
834
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Listed by: Amanda Bailey Hamby • Realty One Group Results-Boone
Mls Name: High Country AOR
Mls ID: #257599