323 Wendover DrLocustNC28097
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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
Total monthly income runs $2,456/mo, and a $3,059/mo payment. Purchase price stands at $624,900, and rental yield measures 4.72% with $2,456/mo rent. Return on cash invested shows 12.16% in year one, and 5% annual appreciation builds toward $172,648 over five years. Five-year ROI reaches 61.17% and total cumulative return in cash records $125,753. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,456/mo property income covering a $3,059/mo payment rather than investor’s personal income.
Single Family
Built in 2013
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28097, Locust, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,049 (100%) |
| Owner Occupied HU | 2,333 (76.5%) |
| Renter Occupied HU | 566 (18.6%) |
| Vacant Housing Units | 150 ( 4.9%) |
| Median Home Value | $315,438 |
| Average Home Value | $340,889 |
Housing Distribution
Address Breakdown
Residential
3,343
Single Family
3,343
Multi-Family
0
Businesses
323
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Listed by: Cindy McCoy • McCoy Real Estate Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4273071