402 Gem DrKnightdaleNC27545
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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 Knightdale at 402 Gem Dr, Knightdale, NC, 27545 priced at $320,000 converts $2,228/mo rent into $278/mo cash flow after a $1,566/mo obligation. Total monthly income equals $2,228/mo, and annual cash flow totals $3,336/yr on $106,080 invested. Return on cash invested prints 23.05% in year one, and rental yield reads 8.36% against a $320,000 entry. Equity gained on principal adds $2,065/yr, while 5% annual appreciation compiles into $88,410 by year five. Five-year ROI reaches 119.57% and total cumulative return in cash sums $126,843. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,228/mo property income covering a $1,566/mo payment, not borrower’s personal income.
Single Family
Built in 1999
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27545, Knightdale, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,999 (100%) |
| Owner Occupied HU | 9,539 (68.1%) |
| Renter Occupied HU | 3,631 (25.9%) |
| Vacant Housing Units | 829 ( 5.9%) |
| Median Home Value | $401,653 |
| Average Home Value | $454,655 |
Housing Distribution
Address Breakdown
Residential
13,351
Single Family
11,091
Multi-Family
2,260
Businesses
884
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Listed by: Marti Hampton • EXP Realty LLC
Mls Name: Doorify MLS
Mls ID: #10130045