222 Mill Ridge RdNorth WilkesboroNC28659
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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 North Wilkesboro at 222 Mill Ridge Rd, North Wilkesboro, NC, 28659 generates $1,740/mo in rent and, after a $1,150/mo payment, leaves $308/mo in cash flow. Total monthly income is $1,740/mo, and annual cash flow is $3,697/yr on $77,869 invested. Return on cash invested sits at 24.66% in year one, and rental yield is 8.89% on a $234,900 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,899 over five years. Five-year ROI reaches 128.24% and total cumulative return in cash sums $99,861. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,740/mo property income rather than buyer’s personal income.
Single Family
Built in 1979
0.57 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28659, North Wilkesboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,512 (100%) |
| Owner Occupied HU | 5,818 (61.2%) |
| Renter Occupied HU | 2,668 (28.0%) |
| Vacant Housing Units | 1,026 (10.8%) |
| Median Home Value | $193,873 |
| Average Home Value | $223,238 |
Housing Distribution
Address Breakdown
Residential
9,033
Single Family
8,804
Multi-Family
229
Businesses
834
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Listed by: Holly Richardson • North Carolina Mountain Investments, LLC
Mls Name: Triad MLS
Mls ID: #1201770