102 Wade AveKnotts IslandNC27950
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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 Knotts Island at 102 Wade Ave, Knotts Island, NC, 27950 listed at $445,000 pairs $3,098/mo rent with a $2,178/mo payment to leave $386/mo cash flow. Total monthly income runs $3,098/mo, and annual cash flow reaches $4,632/yr on $147,518 cash to close. Return on cash invested measures 23.05% in year one, and rental yield registers 8.35% at a $445,000 basis. Equity gained on principal adds $2,872/yr, and annual property appreciation at 5% supports $122,945 by year five. Five-year ROI tracks 119.54% and total cumulative return in cash totals $176,348. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,098/mo property income relative to a $2,178/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1994
0.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27950, Knotts Island, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 998 (100%) |
| Owner Occupied HU | 745 (74.6%) |
| Renter Occupied HU | 113 (11.3%) |
| Vacant Housing Units | 140 (14.0%) |
| Median Home Value | $262,059 |
| Average Home Value | $282,020 |
Housing Distribution
Address Breakdown
Residential
842
Single Family
842
Multi-Family
0
Businesses
21
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Listed by: John Upton • Signature Homes
Mls Name: REIN Inc.
Mls ID: #10614747