724 Summit StWalnut CoveNC27052
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
Investment Highlights
Rental property for sale in Walnut Cove at 724 Summit St, Walnut Cove, NC, 27052 generates $2,215/mo in rent, after a $2,138/mo payment. Total monthly income is $2,215/mo. Return on cash invested sits at 16.2% in year one, and rental yield is 6.08% on a $436,900 entry. Equity gained on principal adds $2,819/yr, while 5% annual appreciation builds toward $120,707 over five years. Five-year ROI reaches 82.85% and total cumulative return in cash sums $119,997. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,215/mo property income rather than buyer’s personal income.
Single Family
Built in 1918
1.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27052, Walnut Cove, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,825 (100%) |
| Owner Occupied HU | 3,323 (68.9%) |
| Renter Occupied HU | 1,017 (21.1%) |
| Vacant Housing Units | 485 (10.1%) |
| Median Home Value | $212,915 |
| Average Home Value | $258,539 |
Housing Distribution
Address Breakdown
Residential
4,322
Single Family
4,269
Multi-Family
53
Businesses
243
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Byron Weeks • Mays Realty
Mls Name: Triad MLS
Mls ID: #1199062