87 Wrexham PlaceWhite LakeNC28337
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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 White Lake at 87 Wrexham Place, White Lake, NC, 28337 priced at $810,000 converts $3,094/mo rent into after a $3,965/mo obligation. Total monthly income equals $3,094/mo. Return on cash invested prints 11.76% in year one, and rental yield reads 4.58% against a $810,000 entry. Equity gained on principal adds $5,227/yr, while 5% annual appreciation compiles into $223,788 by year five. Five-year ROI reaches 58.98% and total cumulative return in cash sums $157,167. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,094/mo property income covering a $3,965/mo payment, not borrower’s personal income.
Single Family
Built in 2002
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28337, Elizabethtown, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,345 (100%) |
| Owner Occupied HU | 2,624 (49.1%) |
| Renter Occupied HU | 1,358 (25.4%) |
| Vacant Housing Units | 1,363 (25.5%) |
| Median Home Value | $234,913 |
| Average Home Value | $263,846 |
Housing Distribution
Address Breakdown
Residential
4,199
Single Family
4,078
Multi-Family
121
Businesses
476
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Listed by: Barbara L Williams • Nationwide Realty, LLC
Mls Name: Hive MLS
Mls ID: #100505233