217 Wedgewood DriveJacksonvilleNC28546
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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
Rental property for sale in Jacksonville at 217 Wedgewood Drive, Jacksonville, NC, 28546 generates $1,550/mo in rent and, after a $1,199/mo payment, leaves $57/mo in cash flow. Total monthly income is $1,550/mo, and annual cash flow is $684/yr on $81,218 invested. Return on cash invested sits at 20.75% in year one, and rental yield is 7.59% on a $245,000 entry. Equity gained on principal adds $1,581/yr, while 5% annual appreciation builds toward $67,689 over five years. Five-year ROI reaches 107.22% and total cumulative return in cash sums $87,084. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,550/mo property income rather than buyer’s personal income.
Single Family
Built in 1987
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28546, Jacksonville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 23,233 (100%) |
| Owner Occupied HU | 11,300 (48.6%) |
| Renter Occupied HU | 9,348 (40.2%) |
| Vacant Housing Units | 2,585 (11.1%) |
| Median Home Value | $260,062 |
| Average Home Value | $290,597 |
Housing Distribution
Address Breakdown
Residential
21,736
Single Family
17,472
Multi-Family
4,264
Businesses
1,423
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Listed by: Jeremy McMillan • REAL Broker LLC
Mls Name: Hive MLS
Mls ID: #100548610