637 Convexa CtWendellNC27591
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis Wendell rental at 637 Convexa Ct, Wendell, NC, 27591 sits in the solid-income band: 8.6% gross yield, $2,113/mo rent, $286/mo net after the $1,327/mo debt service, DSCR 1.59. Entry price of $295,000 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $81,503 and $2,717/yr in principal reduction bring total cumulative return to $130,242.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.6% | 5.9% |
| Monthly Cash Flow | $286 | $1,800 |
City averages based on Wendell market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,113 |
| Total Monthly Debt Service | $1,710 |
| DSCR Ratio | 1.24x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1999
0.28 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
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
Single Family
Built in 1999
0.28 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gene Pitzer • Real Broker, LLC - Carolina Collective Realty
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10108684
Disclaimer: The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS. Copyright 2025 Doorify MLS of North Carolina. All rights reserved.