449 Fairplains RdNorth WilkesboroNC28659
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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 North Wilkesboro at 449 Fairplains Rd, North Wilkesboro, NC, 28659 listed at $192,000 pairs $1,723/mo rent with a $940/mo payment to leave $553/mo cash flow. Total monthly income runs $1,723/mo, and annual cash flow reaches $6,631/yr on $63,648 cash to close. Return on cash invested measures 30.33% in year one, and rental yield registers 10.77% at a $192,000 basis. Equity gained on principal adds $1,239/yr, and annual property appreciation at 5% supports $53,046 by year five. Five-year ROI tracks 158.6% and total cumulative return in cash totals $100,948. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,723/mo property income relative to a $940/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1965
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28659, North Wilkesboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,512 (100%) |
| Owner Occupied HU | 5,818 (61.2%) |
| Renter Occupied HU | 2,668 (28.0%) |
| Vacant Housing Units | 1,026 (10.8%) |
| Median Home Value | $193,873 |
| Average Home Value | $223,238 |
Housing Distribution
Address Breakdown
Residential
9,033
Single Family
8,804
Multi-Family
229
Businesses
834
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Listed by: Holly Richardson • North Carolina Mountain Investments, LLC
Mls Name: Triad MLS
Mls Provider:
Mls ID: #1198182
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