295 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
Investment property for sale in Rockwell at 295 Wingate Ln, Rockwell, NC, 28138 uses $79,527 cash to close to unlock $2,389/yr annual cash flow and $199/mo monthly cash flow. Total monthly income runs $1,661/mo, and a $1,174/mo payment keeps the spread at $199/mo. Purchase price stands at $239,900, and rental yield measures 8.31% with $1,661/mo rent. Return on cash invested shows 22.91% in year one, and 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 118.88% and total cumulative return in cash records $94,543. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,661/mo property income covering a $1,174/mo payment rather than investor’s personal income.
Single Family
Built in 2004
0.82 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: Justin Porter • RE/MAX Leading Edge
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4304333