333 Sandy Flats RdNorth WilkesboroNC28659
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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 North Wilkesboro at 333 Sandy Flats Rd, North Wilkesboro, NC, 28659 priced at $188,000 converts $1,740/mo rent into $594/mo cash flow after a $920/mo obligation. Total monthly income equals $1,740/mo, and annual cash flow totals $7,133/yr on $62,322 invested. Return on cash invested prints 31.35% in year one, and rental yield reads 11.11% against a $188,000 entry. Equity gained on principal adds $1,213/yr, while 5% annual appreciation compiles into $51,941 by year five. Five-year ROI reaches 164.14% and total cumulative return in cash sums $102,296. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,740/mo property income covering a $920/mo payment, not borrower’s personal income.
Single Family
Built in 1958
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28659, North Wilkesboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,512 (100%) |
| Owner Occupied HU | 5,818 (61.2%) |
| Renter Occupied HU | 2,668 (28.0%) |
| Vacant Housing Units | 1,026 (10.8%) |
| Median Home Value | $193,873 |
| Average Home Value | $223,238 |
Housing Distribution
Address Breakdown
Residential
9,033
Single Family
8,804
Multi-Family
229
Businesses
834
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Listed by: Holly Richardson • North Carolina Mountain Investments, LLC
Mls Name: Triad MLS
Mls ID: #1204717