242 Westridge DrKingNC27021
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
Rental property for sale in King at 242 Westridge Dr, King, NC, 27021 priced at $324,900 pairs $1,877/mo rent with after a $1,590/mo payment. Total monthly income equals $1,877/mo. Return on cash invested is 18.76% in year one, and rental yield stands at 6.93% on a $324,900 basis. Equity gained on principal adds $2,097/yr, and 5% annual appreciation accumulates to $89,764 by year five. Five-year ROI measures 96.61% and total cumulative return in cash reaches $104,057. For financing, Ziffy Mortgage’s DSCR program evaluates $1,877/mo property income against a $1,590/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1974
0.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27021, King, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,033 (100%) |
| Owner Occupied HU | 5,671 (70.6%) |
| Renter Occupied HU | 1,802 (22.4%) |
| Vacant Housing Units | 560 ( 7.0%) |
| Median Home Value | $214,443 |
| Average Home Value | $246,078 |
Housing Distribution
Address Breakdown
Residential
7,528
Single Family
7,325
Multi-Family
203
Businesses
480
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lynn Myers • Myers Auction and Realty LLC
Mls Name: Triad MLS
Mls ID: #1206383