2628 Windy Ridge RdNorth WilkesboroNC28659
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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 North Wilkesboro at 2628 Windy Ridge Rd, North Wilkesboro, NC, 28659 uses $82,842 cash to close to unlock $1,885/yr annual cash flow and $157/mo monthly cash flow. Total monthly income runs $1,680/mo, and a $1,223/mo payment keeps the spread at $157/mo. Purchase price stands at $249,900, and rental yield measures 8.07% with $1,680/mo rent. Return on cash invested shows 22.18% in year one, and 5% annual appreciation builds toward $69,043 over five years. Five-year ROI reaches 114.99% and total cumulative return in cash records $95,258. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,680/mo property income covering a $1,223/mo payment rather than investor’s personal income.
Single Family
Built in 1960
3.14 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28659, North Wilkesboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,512 (100%) |
| Owner Occupied HU | 5,818 (61.2%) |
| Renter Occupied HU | 2,668 (28.0%) |
| Vacant Housing Units | 1,026 (10.8%) |
| Median Home Value | $193,873 |
| Average Home Value | $223,238 |
Housing Distribution
Address Breakdown
Residential
9,033
Single Family
8,804
Multi-Family
229
Businesses
834
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Listed by: Yvonne Pardue • Carolina Realty ERA Live Moore
Mls Name: Triad MLS
Mls ID: #1206285