8112 Simon DrStokesdaleNC27357
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 Stokesdale at 8112 Simon Dr, Stokesdale, NC, 27357 offers $5,400/mo rent that, after a $3,267/mo payment, leaves $1,332/mo cash flow. Total monthly income is $5,400/mo, and annual cash flow is $15,984/yr on $219,598 cash. Return on cash invested measures 27.34% in year one, and rental yield stands at 9.71% at a $667,470 entry. Equity gained on principal adds $4,307/yr while 5% annual appreciation compounds into $184,410 by year five. Five-year ROI records 142.55% and total cumulative return in cash reaches $313,035. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $5,400/mo property income versus a $3,267/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27357, Stokesdale, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,254 (100%) |
| Owner Occupied HU | 3,429 (80.6%) |
| Renter Occupied HU | 520 (12.2%) |
| Vacant Housing Units | 305 ( 7.2%) |
| Median Home Value | $307,869 |
| Average Home Value | $367,357 |
Housing Distribution
Address Breakdown
Residential
4,279
Single Family
4,248
Multi-Family
31
Businesses
197
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: W. Scott Wallace • KEYSTONE REALTY GROUP
Mls Name: Triad MLS
Mls ID: #1204664