201 Smith St #13WingateNC28174
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 Wingate at 201 Smith St #13, Wingate, NC, 28174 listed at $314,900 pairs $2,494/mo rent with a $1,541/mo payment to leave $575/mo cash flow. Total monthly income runs $2,494/mo, and annual cash flow reaches $6,901/yr on $104,389 cash to close. Return on cash invested measures 26.52% in year one, and rental yield registers 9.5% at a $314,900 basis. Equity gained on principal adds $2,032/yr, and annual property appreciation at 5% supports $87,001 by year five. Five-year ROI tracks 138.21% and total cumulative return in cash totals $144,274. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,494/mo property income relative to a $1,541/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1971
0.44 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Greg Eudy • Central Carolina Real Estate Group LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4317352