Watts Plan, The Terraces at Cramerton MillsCramertonNC28032
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThe 7.59% yield at Watts Plan, The Terraces at Cramerton Mills, Cramerton, NC, 28032 in Cramerton is solid, but the $1,888/mo payment compresses net cash flow to $97/mo at $419,900. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $116,011 by year five, and $3,867/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.41) without U.S. income documentation. Total projected return: $165,340.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 7.6% | 6.2% |
| Monthly Cash Flow | $97 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $2,656 |
| Total Monthly Debt Service | $2,392 |
| DSCR Ratio | 1.11x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2026
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28032, Cramerton, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,687 (100%) |
| Owner Occupied HU | 1,102 (65.3%) |
| Renter Occupied HU | 462 (27.4%) |
| Vacant Housing Units | 123 ( 7.3%) |
| Median Home Value | $360,308 |
| Average Home Value | $425,286 |
Housing Distribution
Address Breakdown
Residential
1,612
Single Family
1,572
Multi-Family
40
Businesses
127
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2026
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28032, Cramerton, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,687 (100%) |
| Owner Occupied HU | 1,102 (65.3%) |
| Renter Occupied HU | 462 (27.4%) |
| Vacant Housing Units | 123 ( 7.3%) |
| Median Home Value | $360,308 |
| Average Home Value | $425,286 |
Housing Distribution
Address Breakdown
Residential
1,612
Single Family
1,572
Multi-Family
40
Businesses
127
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Brookline Homes
Mls Name: Brookline Homes
Mls Provider:
Mls ID: #N/A