865 Armory RoadNorth WilkesboroNC28659
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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
Investment property for sale in North Wilkesboro at 865 Armory Road, North Wilkesboro, NC, 28659 with 5% annual appreciation on a $317,800 basis while $1,855/mo rent supports operations. 98% in year one. Equity gained on principal adds $2,051/yr, and five-year appreciation sums $87,802 alongside rental yield of 7%. Five-year ROI measures 97.76% and total cumulative return in cash totals $102,992. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,855/mo property income versus a $1,555/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1965
3.01 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28659, North Wilkesboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,512 (100%) |
| Owner Occupied HU | 5,818 (61.2%) |
| Renter Occupied HU | 2,668 (28.0%) |
| Vacant Housing Units | 1,026 (10.8%) |
| Median Home Value | $193,873 |
| Average Home Value | $223,238 |
Housing Distribution
Address Breakdown
Residential
9,033
Single Family
8,804
Multi-Family
229
Businesses
834
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Listed by: Sandra Huffman • Carolina Realty ERA Live Moore
Mls Name: High Country AOR
Mls ID: #259679