848 Walker Ridge WayWillow 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 848 Walker Ridge Way, Willow Spring, NC, 27592 priced at $349,990 converts $2,182/mo rent into $49/mo cash flow after a $1,713/mo obligation. Total monthly income equals $2,182/mo, and annual cash flow totals $588/yr on $116,022 invested. Return on cash invested prints 20.42% in year one, and rental yield reads 7.48% against a $349,990 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,696 by year five. Five-year ROI reaches 105.47% and total cumulative return in cash sums $122,363. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,182/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 2026
8,276 sqft lot
$N/A/sqft
No 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Linda Shaw • Esteem Properties
Mls Name: Doorify MLS
Mls ID: #10134902