602 Wedgewood AveZebulonNC27597
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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 Zebulon at 602 Wedgewood Ave, Zebulon, NC, 27597 uses $99,119 cash to close to unlock $1,742/yr annual cash flow and $145/mo monthly cash flow. Total monthly income runs $1,967/mo, and a $1,463/mo payment keeps the spread at $145/mo. Purchase price stands at $299,000, and rental yield measures 7.89% with $1,967/mo rent. Return on cash invested shows 21.67% in year one, and 5% annual appreciation builds toward $82,608 over five years. Five-year ROI reaches 112.18% and total cumulative return in cash records $111,190. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,967/mo property income covering a $1,463/mo payment rather than investor’s personal income.
Single Family
Built in 1973
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27597, Zebulon, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,589 (100%) |
| Owner Occupied HU | 10,303 (75.8%) |
| Renter Occupied HU | 2,656 (19.5%) |
| Vacant Housing Units | 630 ( 4.6%) |
| Median Home Value | $398,188 |
| Average Home Value | $526,668 |
Housing Distribution
Address Breakdown
Residential
13,292
Single Family
13,259
Multi-Family
33
Businesses
632
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Listed by: Thomas Williford • Housewell.Com Realty of North
Mls Name: Doorify MLS
Mls ID: #10140934