3023 Cranberry Ridge Dr SWWilsonNC27893
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Wilson at 3023 Cranberry Ridge Dr SW, Wilson, NC, 27893 priced at $229,400 converts $1,478/mo rent into $78/mo cash flow after a $1,123/mo obligation. Total monthly income equals $1,478/mo, and annual cash flow totals $933/yr on $76,046 invested. Return on cash invested prints 21.14% in year one, and rental yield reads 7.73% against a $229,400 entry. Equity gained on principal adds $1,480/yr, while 5% annual appreciation compiles into $63,379 by year five. Five-year ROI reaches 109.32% and total cumulative return in cash sums $83,134. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,478/mo property income covering a $1,123/mo payment, not borrower’s personal income.
Single Family
Built in 2000
8,634 sqft lot
$N/A/sqft
$2 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27893, Wilson, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,600 (100%) |
| Owner Occupied HU | 7,785 (41.9%) |
| Renter Occupied HU | 8,288 (44.6%) |
| Vacant Housing Units | 2,527 (13.6%) |
| Median Home Value | $193,160 |
| Average Home Value | $222,189 |
Housing Distribution
Address Breakdown
Residential
16,458
Single Family
15,830
Multi-Family
628
Businesses
1,437
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