653 Craftsman Ridge TrlKnightdaleNC27545
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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 Knightdale at 653 Craftsman Ridge Trl, Knightdale, NC, 27545 offers $3,583/mo rent that, after a $2,667/mo payment, leaves $262/mo cash flow. Total monthly income is $3,583/mo, and annual cash flow is $3,145/yr on $179,272 cash. Return on cash invested measures 21.81% in year one, and rental yield stands at 7.89% at a $544,900 entry. Equity gained on principal adds $3,516/yr while 5% annual appreciation compounds into $150,546 by year five. Five-year ROI records 112.93% and total cumulative return in cash reaches $202,445. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,583/mo property income versus a $2,667/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27545, Knightdale, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,999 (100%) |
| Owner Occupied HU | 9,539 (68.1%) |
| Renter Occupied HU | 3,631 (25.9%) |
| Vacant Housing Units | 829 ( 5.9%) |
| Median Home Value | $401,653 |
| Average Home Value | $454,655 |
Housing Distribution
Address Breakdown
Residential
13,351
Single Family
11,091
Multi-Family
2,260
Businesses
884
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Listed by: Marla L McNair • Fathom Realty NC
Mls Name: Doorify MLS
Mls ID: #10133347