167 Wagon Wheel LaneDeep GapNC28618
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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 Deep Gap at 167 Wagon Wheel Lane, Deep Gap, NC, 28618 priced at $925,000 converts $2,808/mo rent into after a $4,527/mo obligation. Total monthly income equals $2,808/mo. Return on cash invested prints 8.91% in year one, and rental yield reads 3.64% against a $925,000 entry. Equity gained on principal adds $5,969/yr, while 5% annual appreciation compiles into $255,560 by year five. Five-year ROI reaches 43.66% and total cumulative return in cash sums $132,877. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,808/mo property income covering a $4,527/mo payment, not borrower’s personal income.
Single Family
Built in 2003
1.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28618, Deep Gap, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,327 (100%) |
| Owner Occupied HU | 771 (58.1%) |
| Renter Occupied HU | 174 (13.1%) |
| Vacant Housing Units | 382 (28.8%) |
| Median Home Value | $371,538 |
| Average Home Value | $497,999 |
Housing Distribution
Address Breakdown
Residential
1,143
Single Family
1,143
Multi-Family
0
Businesses
91
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Listed by: Josephine Muldoon • Howard Hanna Allen Tate Real Estate Blowing Rock
Mls Name: High Country AOR
Mls ID: #258025