8217 Cannon Grove DrWillow SpringNC27592
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 Willow Spring at 8217 Cannon Grove Dr, Willow Spring, NC, 27592 priced at $515,000 converts $2,827/mo rent into after a $2,521/mo obligation. Total monthly income equals $2,827/mo. Return on cash invested prints 17.5% in year one, and rental yield reads 6.59% against a $515,000 entry. Equity gained on principal adds $3,323/yr, while 5% annual appreciation compiles into $142,285 by year five. Five-year ROI reaches 89.86% and total cumulative return in cash sums $152,257. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,827/mo property income covering a $2,521/mo payment, not borrower’s personal income.
Single Family
Built in 2020
0.51 Acres lot
$N/A/sqft
$150 quarterly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27592, Willow Spring, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,263 (100%) |
| Owner Occupied HU | 6,096 (83.9%) |
| Renter Occupied HU | 987 (13.6%) |
| Vacant Housing Units | 180 ( 2.5%) |
| Median Home Value | $414,593 |
| Average Home Value | $461,574 |
Housing Distribution
Address Breakdown
Residential
7,214
Single Family
7,214
Multi-Family
0
Businesses
191
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Nearby investment properties with comparable prices
Listed by: Brittney Lee • AVENUE PROPERTIES INC
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10070354
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