505 Watauga LnAberdeenNC28315
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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 Aberdeen at 505 Watauga Ln, Aberdeen, NC, 28315 generates $3,180/mo in rent, after a $2,520/mo payment. Total monthly income is $3,180/mo. Return on cash invested sits at 19.55% in year one, and rental yield is 7.41% on a $514,900 entry. Equity gained on principal adds $3,323/yr, while 5% annual appreciation builds toward $142,257 over five years. Five-year ROI reaches 101.07% and total cumulative return in cash sums $171,222. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,180/mo property income rather than buyer’s personal income.
Single Family
Built in N/A
0.25 Acres lot
$N/A/sqft
$114 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28315, Aberdeen, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,555 (100%) |
| Owner Occupied HU | 4,170 (63.6%) |
| Renter Occupied HU | 1,829 (27.9%) |
| Vacant Housing Units | 556 ( 8.5%) |
| Median Home Value | $352,038 |
| Average Home Value | $390,076 |
Housing Distribution
Address Breakdown
Residential
6,538
Single Family
5,821
Multi-Family
717
Businesses
687
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Listed by: Caviness & Cates Builders Marketing Group • Caviness & Cates - Southern Pines Sales Office
Mls Name: Nexus MLS
Mls Provider:
Mls ID: #N370000000264
Disclaimer: Listing information is provided by the Nexus Multiple Listing Service. Property information is based on available data that may include MLS information, county records, and other sources. All information provided is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. 2025 Nexus MLS. All rights are reserved.