Catawba Plan, Canterbury StationWingateNC28174
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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 Wingate at Catawba Plan, Canterbury Station, Wingate, NC, 28174 offers a 10.32% rental yield on a $297,990 purchase with $2,563/mo rent. Total monthly income registers $2,563/mo, and a $1,459/mo payment leaves $746/mo available for distribution. Annual cash flow reaches $8,957/yr on $98,784 to close, and return on cash invested stands at 28.98% in year one. Equity gained on principal adds $1,923/yr while 5% annual appreciation supports $82,329 over five years. Portfolio math shows five-year ROI at 151.38% and total cumulative return in cash at $149,537. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,563/mo property income against a $1,459/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Townhouse
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 • M/I Homes
Mls Name: M/I Homes
Mls Provider:
Mls ID: #N/A