318 Winesap DrPelhamNC27311
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
Investment property for sale in Pelham at 318 Winesap Dr, Pelham, NC, 27311 offers a 9.78% rental yield on a $139,900 purchase with $1,140/mo rent. Total monthly income registers $1,140/mo, and a $685/mo payment leaves $287/mo available for distribution. Annual cash flow reaches $3,445/yr on $46,377 to close, and return on cash invested stands at 27.34% in year one. Equity gained on principal adds $903/yr while 5% annual appreciation supports $38,652 over five years. Portfolio math shows five-year ROI at 142.66% and total cumulative return in cash at $66,159. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,140/mo property income against a $685/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2010
2.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27311, Pelham, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,732 (100%) |
| Owner Occupied HU | 1,161 (67.0%) |
| Renter Occupied HU | 344 (19.9%) |
| Vacant Housing Units | 227 (13.1%) |
| Median Home Value | $157,488 |
| Average Home Value | $194,356 |
Housing Distribution
Address Breakdown
Residential
1,573
Single Family
1,573
Multi-Family
0
Businesses
57
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Listed by: Nicholas Huscroft • Chosen Realty of NC
Mls Name: Triad MLS
Mls ID: #1203544