538 Pilgrim Baptist Church RdWilkesboroNC28697
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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 Wilkesboro at 538 Pilgrim Baptist Church Rd, Wilkesboro, NC, 28697 with 5% annual appreciation on a $239,900 basis while $1,897/mo rent supports operations. Total monthly income totals $1,897/mo and a $1,174/mo payment preserves $435/mo for cash returns. Annual cash flow comes to $5,221/yr on $79,527 deployed, and return on cash invested reaches 26.47% in year one. Equity gained on principal adds $1,548/yr, and five-year appreciation sums $66,280 alongside rental yield of 9.49%. Five-year ROI measures 137.97% and total cumulative return in cash totals $109,723.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,897/mo property income versus a $1,174/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 1995
1.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28697, Wilkesboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,037 (100%) |
| Owner Occupied HU | 3,811 (63.1%) |
| Renter Occupied HU | 1,587 (26.3%) |
| Vacant Housing Units | 639 (10.6%) |
| Median Home Value | $249,953 |
| Average Home Value | $280,346 |
Housing Distribution
Address Breakdown
Residential
5,634
Single Family
5,365
Multi-Family
269
Businesses
693
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Listed by: Gabi Robison • Realty One Group Results
Mls Name: Triad MLS
Mls ID: #1205667