654 Appaloosa Ridge RdWilkesboroNC28697
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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 Wilkesboro at 654 Appaloosa Ridge Rd, Wilkesboro, NC, 28697 priced at $639,000 converts $1,920/mo rent into after a $3,128/mo obligation. Total monthly income equals $1,920/mo. Return on cash invested prints 8.79% in year one, and rental yield reads 3.61% against a $639,000 entry. Equity gained on principal adds $4,123/yr, while 5% annual appreciation compiles into $176,544 by year five. Five-year ROI reaches 43.06% and total cumulative return in cash sums $90,532. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,920/mo property income covering a $3,128/mo payment, not borrower’s personal income.
Single Family
Built in 2007
4.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28697, Wilkesboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,037 (100%) |
| Owner Occupied HU | 3,811 (63.1%) |
| Renter Occupied HU | 1,587 (26.3%) |
| Vacant Housing Units | 639 (10.6%) |
| Median Home Value | $249,953 |
| Average Home Value | $280,346 |
Housing Distribution
Address Breakdown
Residential
5,634
Single Family
5,365
Multi-Family
269
Businesses
693
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Listed by: Delynda Ward • Ward & Ward Properties, LLC
Mls Name: Triad MLS
Mls ID: #1188356