401 Poplar Creek DrWilkesboroNC28697
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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 401 Poplar Creek Dr, Wilkesboro, NC, 28697 offers a 7.54% rental yield on a $489,900 purchase with $3,078/mo rent. Total monthly income registers $3,078/mo, and a $2,398/mo payment leaves $92/mo available for distribution. Annual cash flow reaches $1,105/yr on $162,402 to close, and return on cash invested stands at 20.59% in year one. Equity gained on principal adds $3,161/yr while 5% annual appreciation supports $135,350 over five years. Portfolio math shows five-year ROI at 106.39% and total cumulative return in cash at $172,781. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,078/mo property income against a $2,398/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1991
0.75 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: Debo Cornett • Real Broker LLC
Mls Name: Triad MLS
Mls ID: #1205967