294 Wingate LnRockwellNC28138
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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 Rockwell at 294 Wingate Ln, Rockwell, NC, 28138 priced at $199,900 converts $1,957/mo rent into $739/mo cash flow after a $978/mo obligation. Total monthly income equals $1,957/mo, and annual cash flow totals $8,869/yr on $66,267 invested. Return on cash invested prints 33.29% in year one, and rental yield reads 11.75% against a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation compiles into $55,229 by year five. Five-year ROI reaches 174.55% and total cumulative return in cash sums $115,669. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,957/mo property income covering a $978/mo payment, not borrower’s personal income.
Manufactured
Built in 2000
0.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28138, Rockwell, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,580 (100%) |
| Owner Occupied HU | 3,362 (73.4%) |
| Renter Occupied HU | 927 (20.2%) |
| Vacant Housing Units | 291 ( 6.4%) |
| Median Home Value | $274,062 |
| Average Home Value | $317,255 |
Housing Distribution
Address Breakdown
Residential
4,345
Single Family
4,345
Multi-Family
0
Businesses
233
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Listed by: Michelle Graves • LPT Realty, LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4310660