304 Irving Park DrKernersvilleNC27284
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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 304 Irving Park Dr, Kernersville, NC, 27284 offers $2,221/mo rent that, after a $1,591/mo payment, leaves $240/mo cash flow. Total monthly income is $2,221/mo, and annual cash flow is $2,880/yr on $107,738 cash. Return on cash invested measures 22.58% in year one, and rental yield stands at 8.2% at a $325,000 entry. Equity gained on principal adds $2,097/yr while 5% annual appreciation compounds into $89,792 by year five. Five-year ROI records 117.04% and total cumulative return in cash reaches $126,097. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,221/mo property income versus a $1,591/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
0.40 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: Wendy Farmer • NextHome Realty Partners
Mls Name: Triad MLS
Mls ID: #1191123