20485 Ridgecrest RdLocustNC28097
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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
Total monthly income runs $1,403/mo, and a $1,591/mo payment. Purchase price stands at $325,000, and rental yield measures 5.18% with $1,403/mo rent. Return on cash invested shows 13.47% in year one, and 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 68.19% and total cumulative return in cash records $73,465. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,403/mo property income covering a $1,591/mo payment rather than investor’s personal income.
Single Family
Built in 1963
6.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28097, Locust, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,049 (100%) |
| Owner Occupied HU | 2,333 (76.5%) |
| Renter Occupied HU | 566 (18.6%) |
| Vacant Housing Units | 150 ( 4.9%) |
| Median Home Value | $315,438 |
| Average Home Value | $340,889 |
Housing Distribution
Address Breakdown
Residential
3,343
Single Family
3,343
Multi-Family
0
Businesses
323
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Listed by: Maggie Laskowski • Keller Williams Lake Norman
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4300219