610 S Wakefield StZebulonNC27597
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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 Zebulon at 610 S Wakefield St, Zebulon, NC, 27597 offers $1,996/mo rent that, after a $1,170/mo payment, leaves $539/mo cash flow. Total monthly income is $1,996/mo, and annual cash flow is $6,470/yr on $79,235 cash. Return on cash invested measures 28.07% in year one, and rental yield stands at 10.02% at a $239,020 entry. Equity gained on principal adds $1,542/yr while 5% annual appreciation compounds into $66,037 by year five. Five-year ROI records 146.55% and total cumulative return in cash reaches $116,119. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,996/mo property income versus a $1,170/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1928
0.69 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 Somerville • eXp REO BROKERS, Inc
Mls Name: Triad MLS
Mls ID: #1206019