8290 Lake Ridge DrClemmonsNC27012
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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 Clemmons at 8290 Lake Ridge Dr, Clemmons, NC, 27012 generates $1,729/mo in rent and, after a $1,224/mo payment, leaves $205/mo in cash flow. Total monthly income is $1,729/mo, and annual cash flow is $2,460/yr on $82,875 invested. Return on cash invested sits at 22.88% in year one, and rental yield is 8.3% on a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 118.63% and total cumulative return in cash sums $98,314. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,729/mo property income rather than buyer’s personal income.
Single Family
Built in 1938
1.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27012, Clemmons, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,212 (100%) |
| Owner Occupied HU | 10,270 (77.7%) |
| Renter Occupied HU | 2,418 (18.3%) |
| Vacant Housing Units | 524 ( 4.0%) |
| Median Home Value | $350,790 |
| Average Home Value | $395,050 |
Housing Distribution
Address Breakdown
Residential
12,810
Single Family
11,811
Multi-Family
999
Businesses
1,126
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Listed by: Mark Cardillo • Coldwell Banker Advantage
Mls Name: Triad MLS
Mls ID: #1205468