232 Sleepy Avenue West RdWilkesboroNC28697
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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 Wilkesboro at 232 Sleepy Avenue West Rd, Wilkesboro, NC, 28697 priced at $288,000 pairs $1,920/mo rent with $164/mo cash flow after a $1,410/mo payment. Total monthly income equals $1,920/mo, and annual cash flow comes to $1,973/yr on $95,472 invested. Return on cash invested is 21.98% in year one, and rental yield stands at 8% on a $288,000 basis. Equity gained on principal adds $1,858/yr, and 5% annual appreciation accumulates to $79,569 by year five. Five-year ROI measures 113.83% and total cumulative return in cash reaches $108,672. For financing, Ziffy Mortgage’s DSCR program evaluates $1,920/mo property income against a $1,410/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1965
1.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28697, Wilkesboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,037 (100%) |
| Owner Occupied HU | 3,811 (63.1%) |
| Renter Occupied HU | 1,587 (26.3%) |
| Vacant Housing Units | 639 (10.6%) |
| Median Home Value | $249,953 |
| Average Home Value | $280,346 |
Housing Distribution
Address Breakdown
Residential
5,634
Single Family
5,365
Multi-Family
269
Businesses
693
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Listed by: Mike Martinez • North Carolina Mountain Investments, LLC
Mls Name: Triad MLS
Mls ID: #1203537