1720 Mills Harris RdWingateNC28174
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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 Wingate at 1720 Mills Harris Rd, Wingate, NC, 28174 generates $5,604/mo in rent, after a $6,847/mo payment. Total monthly income is $5,604/mo. Return on cash invested sits at 12.63% in year one, and rental yield is 4.81% on a $1,399,000 entry. Equity gained on principal adds $9,028/yr, while 5% annual appreciation builds toward $386,518 over five years. Five-year ROI reaches 63.61% and total cumulative return in cash sums $288,341. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $5,604/mo property income rather than buyer’s personal income.
Single Family
Built in 2001
26.19 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28174, Wingate, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,908 (100%) |
| Owner Occupied HU | 1,978 (68.0%) |
| Renter Occupied HU | 760 (26.1%) |
| Vacant Housing Units | 170 ( 5.8%) |
| Median Home Value | $335,447 |
| Average Home Value | $407,078 |
Housing Distribution
Address Breakdown
Residential
2,605
Single Family
2,538
Multi-Family
67
Businesses
133
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Listed by: Jodi Warren • Highland Real Estate
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4254927