191 Wilson DrForest CityNC28043
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
Investment property for sale in Forest City at 191 Wilson Dr, Forest City, NC, 28043 at $194,000 posts ROI 25.98% with $325/mo cash flow from $1,508/mo rent. Total monthly income equals $1,508/mo, and annual cash flow records $3,902/yr on $64,311 to close. Return on cash invested measures 25.98% and rental yield reads 9.33% at the current $194,000. Equity gained on principal adds $1,252/yr, and 5% annual appreciation supports $53,599 by year five. Five-year ROI prints 135.31% and total cumulative return in cash totals $87,020.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,508/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1920
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28043, Forest City, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,637 (100%) |
| Owner Occupied HU | 5,493 (57.0%) |
| Renter Occupied HU | 3,132 (32.5%) |
| Vacant Housing Units | 1,012 (10.5%) |
| Median Home Value | $202,580 |
| Average Home Value | $253,010 |
Housing Distribution
Address Breakdown
Residential
8,624
Single Family
8,478
Multi-Family
146
Businesses
951
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Nearby investment properties with comparable prices
Listed by: Gloribel Diaz • Keller Williams Connected
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4178110
Disclaimer: Based on information submitted to the MLS GRID as of 2024-01-24 10:55:15 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_87)