7389 Dennis RdWalnut CoveNC27052
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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
Investment property for sale in Walnut Cove at 7389 Dennis Rd, Walnut Cove, NC, 27052 offers a 11.06% rental yield on a $170,000 purchase with $1,567/mo rent. Total monthly income registers $1,567/mo, and a $832/mo payment leaves $531/mo available for distribution. Annual cash flow reaches $6,372/yr on $56,355 to close, and return on cash invested stands at 31.22% in year one. Equity gained on principal adds $1,097/yr while 5% annual appreciation supports $46,968 over five years. Portfolio math shows five-year ROI at 163.34% and total cumulative return in cash at $92,049. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,567/mo property income against a $832/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
0.93 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
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Listed by: James Kirchner • Mark Spain Real Estate
Mls Name: Triad MLS
Mls ID: #1188743