421 Slick Rock RdWendellNC27591
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThe 7.35% yield at 421 Slick Rock Rd, Wendell, NC, 27591 in Wendell is solid, but the $2,019/mo payment compresses net cash flow to $14/mo at $449,000. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $124,050 by year five, and $4,135/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.36) without U.S. income documentation. Total projected return: $170,984.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.4% | 5.9% |
| Monthly Cash Flow | $14 | $1,800 |
City averages based on Wendell market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,750 |
| Total Monthly Debt Service | $2,558 |
| DSCR Ratio | 1.08x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2019
5,662 sqft lot
$N/A/sqft
No HOA
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
Single Family
Built in 2019
5,662 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kristina Nieshalla • Dwell Raleigh Real Estate
Mls Name: Doorify MLS
Mls ID: #10125115