8909 Wilkerson RdCedar GroveNC27231
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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 Cedar Grove at 8909 Wilkerson Rd, Cedar Grove, NC, 27231 offers a 5.24% rental yield on a $330,000 purchase with $1,440/mo rent. 65% in year one. Equity gained on principal adds $2,129/yr while 5% annual appreciation supports $91,173 over five years. Portfolio math shows five-year ROI at 69.12% and total cumulative return in cash at $75,611. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,440/mo property income against a $1,615/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
18.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27231, Cedar Grove, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 914 (100%) |
| Owner Occupied HU | 740 (81.0%) |
| Renter Occupied HU | 128 (14.0%) |
| Vacant Housing Units | 46 ( 5.0%) |
| Median Home Value | $329,139 |
| Average Home Value | $387,628 |
Housing Distribution
Address Breakdown
Residential
883
Single Family
883
Multi-Family
0
Businesses
33
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Listed by: Jennifer A Hall-Tilley • Above & Beyond Realty LLC
Mls Name: Doorify MLS
Mls ID: #10135208