602 Wondertown DrErwinNC28339
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Nearby investment properties with comparable prices
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 Erwin at 602 Wondertown Dr, Erwin, NC, 28339 offers a 9.08% rental yield on a $199,900 purchase with $1,513/mo rent. Total monthly income registers $1,513/mo, and a $978/mo payment leaves $295/mo available for distribution. Annual cash flow reaches $3,541/yr on $66,267 to close, and return on cash invested stands at 25.25% in year one. Equity gained on principal adds $1,290/yr while 5% annual appreciation supports $55,229 over five years. Portfolio math shows five-year ROI at 131.43% and total cumulative return in cash at $87,097. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,513/mo property income against a $978/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1999
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28339, Erwin, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,052 (100%) |
| Owner Occupied HU | 1,911 (62.6%) |
| Renter Occupied HU | 805 (26.4%) |
| Vacant Housing Units | 336 (11.0%) |
| Median Home Value | $187,990 |
| Average Home Value | $210,022 |
Housing Distribution
Address Breakdown
Residential
2,980
Single Family
2,980
Multi-Family
0
Businesses
269
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Listed by: Jill Eagan • Womble Realty LLC
Mls Name: Doorify MLS
Mls ID: #10108006