347 Kerry LnWilkesboroNC28697
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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
Investment property for sale in Wilkesboro at 347 Kerry Ln, Wilkesboro, NC, 28697 uses $98,787 cash to close to unlock $2,681/yr annual cash flow and $223/mo monthly cash flow. Total monthly income runs $2,040/mo, and a $1,459/mo payment keeps the spread at $223/mo. Purchase price stands at $298,000, and rental yield measures 8.21% with $2,040/mo rent. Return on cash invested shows 22.62% in year one, and 5% annual appreciation builds toward $82,332 over five years. Five-year ROI reaches 117.29% and total cumulative return in cash records $115,868. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,040/mo property income covering a $1,459/mo payment rather than investor’s personal income.
Single Family
Built in 1967
1.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28697, Wilkesboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,037 (100%) |
| Owner Occupied HU | 3,811 (63.1%) |
| Renter Occupied HU | 1,587 (26.3%) |
| Vacant Housing Units | 639 (10.6%) |
| Median Home Value | $249,953 |
| Average Home Value | $280,346 |
Housing Distribution
Address Breakdown
Residential
5,634
Single Family
5,365
Multi-Family
269
Businesses
693
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Listed by: Mike Martinez • North Carolina Mountain Investments, LLC
Mls Name: Triad MLS
Mls ID: #1203522