806 Hawthorn Ridge DrWhitsettNC27377
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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 Whitsett at 806 Hawthorn Ridge Dr, Whitsett, NC, 27377 priced at $285,000 converts $1,988/mo rent into $251/mo cash flow after a $1,395/mo obligation. Total monthly income equals $1,988/mo, and annual cash flow totals $3,012/yr on $94,478 invested. Return on cash invested prints 23.1% in year one, and rental yield reads 8.37% against a $285,000 entry. Equity gained on principal adds $1,839/yr, while 5% annual appreciation compiles into $78,740 by year five. Five-year ROI reaches 119.81% and total cumulative return in cash sums $113,190. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,988/mo property income covering a $1,395/mo payment, not borrower’s personal income.
Single Family
Built in 2004
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27377, Whitsett, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,375 (100%) |
| Owner Occupied HU | 3,916 (72.9%) |
| Renter Occupied HU | 1,215 (22.6%) |
| Vacant Housing Units | 244 ( 4.5%) |
| Median Home Value | $323,252 |
| Average Home Value | $339,930 |
Housing Distribution
Address Breakdown
Residential
5,235
Single Family
4,215
Multi-Family
1,020
Businesses
197
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Listed by: David Carter • Allen Tate/Burlington
Mls Name: Doorify MLS
Mls ID: #10137082