1880 Chestnut Grove RdKingNC27021
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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 King at 1880 Chestnut Grove Rd, King, NC, 27021 listed at $384,999 pairs $2,398/mo rent with a $1,884/mo payment to leave $52/mo cash flow. Total monthly income runs $2,398/mo, and annual cash flow reaches $624/yr on $127,627 cash to close. Return on cash invested measures 20.4% in year one, and rental yield registers 7.47% at a $384,999 basis. Equity gained on principal adds $2,484/yr, and annual property appreciation at 5% supports $106,368 by year five. Five-year ROI tracks 105.33% and total cumulative return in cash totals $134,434. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,398/mo property income relative to a $1,884/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2021
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27021, King, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,033 (100%) |
| Owner Occupied HU | 5,671 (70.6%) |
| Renter Occupied HU | 1,802 (22.4%) |
| Vacant Housing Units | 560 ( 7.0%) |
| Median Home Value | $214,443 |
| Average Home Value | $246,078 |
Housing Distribution
Address Breakdown
Residential
7,528
Single Family
7,325
Multi-Family
203
Businesses
480
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Listed by: Kristie Gaither • Keller Williams Ballantyne Area Market Center
Mls Name: Triad MLS
Mls ID: #1202302