2497 Walters Mill RdProvidenceNC27315
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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
Investment property for sale in Providence at 2497 Walters Mill Rd, Providence, NC, 27315 listed at $325,000 pairs $2,000/mo rent with a $1,591/mo payment to leave $19/mo cash flow. Total monthly income runs $2,000/mo, and annual cash flow reaches $228/yr on $107,738 cash to close. Return on cash invested measures 20.12% in year one, and rental yield registers 7.38% at a $325,000 basis. Equity gained on principal adds $2,097/yr, and annual property appreciation at 5% supports $89,792 by year five. Five-year ROI tracks 103.83% and total cumulative return in cash totals $111,865. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,000/mo property income relative to a $1,591/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1997
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27315, Providence, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 923 (100%) |
| Owner Occupied HU | 610 (66.1%) |
| Renter Occupied HU | 201 (21.8%) |
| Vacant Housing Units | 112 (12.1%) |
| Median Home Value | $165,099 |
| Average Home Value | $213,861 |
Housing Distribution
Address Breakdown
Residential
949
Single Family
949
Multi-Family
0
Businesses
33
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Listed by: Karen Ward • Keller Williams Central
Mls Name: Doorify MLS
Mls ID: #10129096