359 Cartpath 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 359 Cartpath Rd, North Wilkesboro, NC, 28659 priced at $226,000 pairs $1,673/mo rent with $296/mo cash flow after a $1,106/mo payment. Total monthly income equals $1,673/mo, and annual cash flow comes to $3,550/yr on $74,919 invested. Return on cash invested is 24.65% in year one, and rental yield stands at 8.88% on a $226,000 basis. Equity gained on principal adds $1,458/yr, and 5% annual appreciation accumulates to $62,440 by year five. Five-year ROI measures 128.14% and total cumulative return in cash reaches $95,999. For financing, Ziffy Mortgage’s DSCR program evaluates $1,673/mo property income against a $1,106/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1955
0.54 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: Melinda Kelly • Premier Realty NC
Mls Name: Triad MLS
Mls ID: #1206590