615 Manchester St SEWilsonNC27893
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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 Wilson at 615 Manchester St SE, Wilson, NC, 27893 offers a 9.04% rental yield on a $159,000 purchase with $1,198/mo rent. Total monthly income registers $1,198/mo, and a $778/mo payment leaves $229/mo available for distribution. Annual cash flow reaches $2,750/yr on $52,709 to close, and return on cash invested stands at 25.13% in year one. Equity gained on principal adds $1,026/yr while 5% annual appreciation supports $43,929 over five years. Portfolio math shows five-year ROI at 130.77% and total cumulative return in cash at $68,928. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,198/mo property income against a $778/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27893, Wilson, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 18,600 (100%) |
| Owner Occupied HU | 7,785 (41.9%) |
| Renter Occupied HU | 8,288 (44.6%) |
| Vacant Housing Units | 2,527 (13.6%) |
| Median Home Value | $193,160 |
| Average Home Value | $222,189 |
Housing Distribution
Address Breakdown
Residential
16,458
Single Family
15,830
Multi-Family
628
Businesses
1,437
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Listed by: Mary Gonzalez • Hometowne Realty Garner
Mls Name: Doorify MLS
Mls ID: #10109292