1809 Bright Lantern WayWendellNC27591
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Wendell at 1809 Bright Lantern Way, Wendell, NC, 27591 priced at $638,000 converts $2,920/mo rent into after a $3,123/mo obligation. Total monthly income equals $2,920/mo. Return on cash invested prints 13.98% in year one, and rental yield reads 5.49% against a $638,000 entry. Equity gained on principal adds $4,117/yr, while 5% annual appreciation compiles into $176,268 by year five. Five-year ROI reaches 71.09% and total cumulative return in cash sums $149,222. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,920/mo property income covering a $3,123/mo payment, not borrower’s personal income.
Single Family
Built in 2025
4,791 sqft lot
$N/A/sqft
$95 monthly HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cheralyn Baker • Homes by Dickerson Real Estate
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10068530
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