5623 Walters Mill RdProvidenceNC27315
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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 Providence at 5623 Walters Mill Rd, Providence, NC, 27315 earns from $1,492/mo rent with a $3,181/mo payment. Total monthly income totals $1,492/mo. ROI tracks 6.21% on current figures, and rental yield reads 2.75% at a $650,000 purchase. Equity gained on principal adds $4,194/yr, and 5% annual appreciation supports $179,583 over five years. Five-year ROI reaches 29.19% and total cumulative return in cash sums $62,414. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,492/mo property income instead of your personal income.
Single Family
Built in 1935
116.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27315, Providence, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 923 (100%) |
| Owner Occupied HU | 610 (66.1%) |
| Renter Occupied HU | 201 (21.8%) |
| Vacant Housing Units | 112 (12.1%) |
| Median Home Value | $165,099 |
| Average Home Value | $213,861 |
Housing Distribution
Address Breakdown
Residential
949
Single Family
949
Multi-Family
0
Businesses
33
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Listed by: Darien Swain • Modern Nest Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4272477