297 Water Mill RdKernersvilleNC27284
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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 Kernersville at 297 Water Mill Rd, Kernersville, NC, 27284 priced at $374,900 converts $2,576/mo rent into $291/mo cash flow after a $1,835/mo obligation. Total monthly income equals $2,576/mo, and annual cash flow totals $3,493/yr on $124,279 invested. Return on cash invested prints 22.72% in year one, and rental yield reads 8.25% against a $374,900 entry. Equity gained on principal adds $2,419/yr, while 5% annual appreciation compiles into $103,578 by year five. Five-year ROI reaches 117.81% and total cumulative return in cash sums $146,419. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,576/mo property income covering a $1,835/mo payment, not borrower’s personal income.
Single Family
Built in 2013
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27284, Kernersville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,953 (100%) |
| Owner Occupied HU | 18,724 (67.0%) |
| Renter Occupied HU | 7,618 (27.3%) |
| Vacant Housing Units | 1,611 ( 5.8%) |
| Median Home Value | $314,694 |
| Average Home Value | $344,177 |
Housing Distribution
Address Breakdown
Residential
25,788
Single Family
22,210
Multi-Family
3,578
Businesses
1,490
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Listed by: Savannah Cline • Keller Williams Realty
Mls Name: Triad MLS
Mls ID: #1206394