2547 Wiles Ridge RdHaysNC28635
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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 Hays at 2547 Wiles Ridge Rd, Hays, NC, 28635 generates $1,614/mo in rent, after a $1,346/mo payment. Total monthly income is $1,614/mo. Return on cash invested sits at 19.09% in year one, and rental yield is 7.04% on a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 98.32% and total cumulative return in cash sums $89,627. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,614/mo property income rather than buyer’s personal income.
Single Family
Built in 1963
16.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28635, Hays, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,713 (100%) |
| Owner Occupied HU | 1,184 (69.1%) |
| Renter Occupied HU | 298 (17.4%) |
| Vacant Housing Units | 231 (13.5%) |
| Median Home Value | $202,786 |
| Average Home Value | $217,749 |
Housing Distribution
Address Breakdown
Residential
1,601
Single Family
1,601
Multi-Family
0
Businesses
47
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Listed by: Grace Cunningham • RE/MAX Properties Plus, Inc
Mls Name: Triad MLS
Mls ID: #1200914