24 Wood Lake DrFairviewNC28730
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 Fairview at 24 Wood Lake Dr, Fairview, NC, 28730 offers a 4.95% rental yield on a $1,050,000 purchase with $4,328/mo rent. 06% in year one. Equity gained on principal adds $6,775/yr while 5% annual appreciation supports $290,096 over five years. Portfolio math shows five-year ROI at 65.91% and total cumulative return in cash at $224,213. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $4,328/mo property income against a $5,139/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1993
4.10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28730, Fairview, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,747 (100%) |
| Owner Occupied HU | 3,312 (69.8%) |
| Renter Occupied HU | 852 (17.9%) |
| Vacant Housing Units | 583 (12.3%) |
| Median Home Value | $541,967 |
| Average Home Value | $599,155 |
Housing Distribution
Address Breakdown
Residential
4,297
Single Family
4,297
Multi-Family
0
Businesses
273
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Monica Krider • Keller Williams Professionals
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4319142