713 Lake DrKernersvilleNC27284
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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 Kernersville at 713 Lake Dr, Kernersville, NC, 27284 priced at $260,000 pairs $2,005/mo rent with $420/mo cash flow after a $1,273/mo payment. Total monthly income equals $2,005/mo, and annual cash flow comes to $5,040/yr on $86,190 invested. Return on cash invested is 25.76% in year one, and rental yield stands at 9.25% on a $260,000 basis. Equity gained on principal adds $1,678/yr, and 5% annual appreciation accumulates to $71,833 by year five. Five-year ROI measures 134.07% and total cumulative return in cash reaches $115,553. For financing, Ziffy Mortgage’s DSCR program evaluates $2,005/mo property income against a $1,273/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1969
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27284, Kernersville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 27,953 (100%) |
| Owner Occupied HU | 18,724 (67.0%) |
| Renter Occupied HU | 7,618 (27.3%) |
| Vacant Housing Units | 1,611 ( 5.8%) |
| Median Home Value | $314,694 |
| Average Home Value | $344,177 |
Housing Distribution
Address Breakdown
Residential
25,788
Single Family
22,210
Multi-Family
3,578
Businesses
1,490
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Listed by: Stephanie Mabe • Howard Hanna Allen Tate Summerfield
Mls Name: Triad MLS
Mls ID: #1204474