29844 N Turnpike RdWagramNC28396
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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 Wagram at 29844 N Turnpike Rd, Wagram, NC, 28396 uses $79,560 cash to close to unlock $5,532/yr annual cash flow and $461/mo monthly cash flow. Total monthly income runs $1,924/mo, and a $1,175/mo payment keeps the spread at $461/mo. Purchase price stands at $240,000, and rental yield measures 9.62% with $1,924/mo rent. Return on cash invested shows 26.86% in year one, and 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 139.99% and total cumulative return in cash records $111,374. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,924/mo property income covering a $1,175/mo payment rather than investor’s personal income.
Single Family
Built in 1973
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28396, Wagram, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,153 (100%) |
| Owner Occupied HU | 765 (66.3%) |
| Renter Occupied HU | 239 (20.7%) |
| Vacant Housing Units | 149 (12.9%) |
| Median Home Value | $120,366 |
| Average Home Value | $206,637 |
Housing Distribution
Address Breakdown
Residential
1,057
Single Family
823
Multi-Family
234
Businesses
63
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Listed by: DARK HORSE GROUP POWERED BY LPT REALTY • LPT REALTY LLC
Mls Name: LPRMLS
Mls ID: #751684