408 Wiregrass RoadRockinghamNC28379
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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 Rockingham at 408 Wiregrass Road, Rockingham, NC, 28379 listed at $117,000 pairs $907/mo rent with a $573/mo payment to leave $194/mo cash flow. Total monthly income runs $907/mo, and annual cash flow reaches $2,323/yr on $38,786 cash to close. Return on cash invested measures 25.9% in year one, and rental yield registers 9.3% at a $117,000 basis. Equity gained on principal adds $755/yr, and annual property appreciation at 5% supports $32,325 by year five. Five-year ROI tracks 134.93% and total cumulative return in cash totals $52,333. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $907/mo property income relative to a $573/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 2010
1.16 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28379, Rockingham, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,302 (100%) |
| Owner Occupied HU | 6,220 (55.0%) |
| Renter Occupied HU | 3,756 (33.2%) |
| Vacant Housing Units | 1,326 (11.7%) |
| Median Home Value | $158,183 |
| Average Home Value | $192,771 |
Housing Distribution
Address Breakdown
Residential
10,767
Single Family
10,274
Multi-Family
493
Businesses
733
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Listed by: Crystal Stewart Long • Carolina Realty Co. Southeast LLC
Mls Name: Hive MLS
Mls ID: #100544571