822 Red Sky Drive NEWinnabowNC28479
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 Winnabow at 822 Red Sky Drive NE, Winnabow, NC, 28479 priced at $359,990 pairs $2,543/mo rent with $349/mo cash flow after a $1,762/mo payment. Total monthly income equals $2,543/mo, and annual cash flow comes to $4,188/yr on $119,337 invested. Return on cash invested is 23.42% in year one, and rental yield stands at 8.48% on a $359,990 basis. Equity gained on principal adds $2,323/yr, and 5% annual appreciation accumulates to $99,459 by year five. Five-year ROI measures 121.57% and total cumulative return in cash reaches $145,074. For financing, Ziffy Mortgage’s DSCR program evaluates $2,543/mo property income against a $1,762/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28479, Winnabow, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,104 (100%) |
| Owner Occupied HU | 2,408 (77.6%) |
| Renter Occupied HU | 479 (15.4%) |
| Vacant Housing Units | 217 ( 7.0%) |
| Median Home Value | $344,408 |
| Average Home Value | $360,289 |
Housing Distribution
Address Breakdown
Residential
3,184
Single Family
3,120
Multi-Family
64
Businesses
79
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jason B Cox • WIndsor Real Estate Group
Mls Name: Hive MLS
Mls ID: #100543354