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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 North Wilkesboro at 417 Ruritan Park Rd, North Wilkesboro, NC, 28659 generates $1,740/mo in rent and, after a $929/mo payment, leaves $583/mo in cash flow. Total monthly income is $1,740/mo, and annual cash flow is $6,997/yr on $62,952 invested. Return on cash invested sits at 31.02% in year one, and rental yield is 11% on a $189,900 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 162.4% and total cumulative return in cash sums $102,233. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,740/mo property income rather than buyer’s personal income.
Single Family
Built in 1967
0.57 Acres lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 28659, North Wilkesboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,512 (100%) |
| Owner Occupied HU | 5,818 (61.2%) |
| Renter Occupied HU | 2,668 (28.0%) |
| Vacant Housing Units | 1,026 (10.8%) |
| Median Home Value | $193,873 |
| Average Home Value | $223,238 |
Housing Distribution
Address Breakdown
Residential
9,033
Single Family
8,804
Multi-Family
229
Businesses
834
Price History
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
No similar price properties found nearby.
Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1967
- Architectural Style: N/A
- Building Area: N/A
- Living Area: N/A
- Property Condition: N/A
Features & Amenities
- Heating: N/A
- Cooling: N/A
- Flooring: N/A
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Driveway, Garage, Basement
Location
- City: N/A
- Subdivision: N/A
- Lot Size: 0.57 Acres
- Lot Features: N/A
- View: N/A
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: N/A
- Water Source: N/A
- Road Surface Type: N/A
School Information
- Elementary School: N/A
- Middle School: N/A
- High School: N/A
Listed by: Linda Moore • Carolina Realty ERA Live Moore
Mls Name: Triad MLS
Mls ID: #1200678