7987 Witty RdSummerfieldNC27358
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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
Total monthly income runs $2,520/mo, and a $6,485/mo payment. Purchase price stands at $1,325,000, and rental yield measures 2.28% with $2,520/mo rent. Return on cash invested shows 4.84% in year one, and 5% annual appreciation builds toward $366,073 over five years. Five-year ROI reaches 21.82% and total cumulative return in cash records $93,652. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,520/mo property income covering a $6,485/mo payment rather than investor’s personal income.
Single Family
Built in 1999
3.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27358, Summerfield, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,058 (100%) |
| Owner Occupied HU | 5,164 (85.2%) |
| Renter Occupied HU | 612 (10.1%) |
| Vacant Housing Units | 282 ( 4.7%) |
| Median Home Value | $475,086 |
| Average Home Value | $526,725 |
Housing Distribution
Address Breakdown
Residential
5,848
Single Family
5,786
Multi-Family
62
Businesses
326
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Listed by: Leslie Morgan • Allen Tate - Greensboro
Mls Name: Triad MLS
Mls ID: #1193580