406 E Wellington LnWalnut CoveNC27052
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Walnut Cove at 406 E Wellington Ln, Walnut Cove, NC, 27052 at $270,000 posts ROI 20.46% with $41/mo cash flow from $1,687/mo rent. Total monthly income equals $1,687/mo, and annual cash flow records $492/yr on $89,505 to close. Return on cash invested measures 20.46% and rental yield reads 7.5% at the current $270,000. Equity gained on principal adds $1,742/yr, and 5% annual appreciation supports $74,596 by year five. Five-year ROI prints 105.65% and total cumulative return in cash totals $94,561.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,687/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1972
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27052, Walnut Cove, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,825 (100%) |
| Owner Occupied HU | 3,323 (68.9%) |
| Renter Occupied HU | 1,017 (21.1%) |
| Vacant Housing Units | 485 (10.1%) |
| Median Home Value | $212,915 |
| Average Home Value | $258,539 |
Housing Distribution
Address Breakdown
Residential
4,322
Single Family
4,269
Multi-Family
53
Businesses
243
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Nearby investment properties with comparable prices
Listed by: LeAnn Fox • Mark Spain Real Estate
Mls Name: Triad MLS
Mls ID: #1205592