Belair II Plan, Cottages at WingateWingateNC28174
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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 Wingate at Belair II Plan, Cottages at Wingate, Wingate, NC, 28174 priced at $373,990 converts $2,681/mo rent into $402/mo cash flow after a $1,830/mo obligation. Total monthly income equals $2,681/mo, and annual cash flow totals $4,827/yr on $123,978 invested. Return on cash invested prints 23.8% in year one, and rental yield reads 8.6% against a $373,990 entry. Equity gained on principal adds $2,413/yr, while 5% annual appreciation compiles into $103,327 by year five. Five-year ROI reaches 123.62% and total cumulative return in cash sums $153,262. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,681/mo property income covering a $1,830/mo payment, not borrower’s personal income.
Single Family
Built in 2026
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28174, Wingate, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,908 (100%) |
| Owner Occupied HU | 1,978 (68.0%) |
| Renter Occupied HU | 760 (26.1%) |
| Vacant Housing Units | 170 ( 5.8%) |
| Median Home Value | $335,447 |
| Average Home Value | $407,078 |
Housing Distribution
Address Breakdown
Residential
2,605
Single Family
2,538
Multi-Family
67
Businesses
133
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Listed by: N/A • Dream Finders Homes
Mls Name: Dream Finders Homes
Mls Provider:
Mls ID: #N/A