102 Wingate DrStanleyNC28164
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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 Stanley at 102 Wingate Dr, Stanley, NC, 28164 with 5% annual appreciation on a $335,000 basis while $2,225/mo rent supports operations. Total monthly income totals $2,225/mo and a $1,640/mo payment preserves $183/mo for cash returns. Annual cash flow comes to $2,196/yr on $111,053 deployed, and return on cash invested reaches 21.89% in year one. Equity gained on principal adds $2,162/yr, and five-year appreciation sums $92,554 alongside rental yield of 7.97%. Five-year ROI measures 113.31% and total cumulative return in cash totals $125,828.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,225/mo property income versus a $1,640/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1974
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28164, Stanley, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,790 (100%) |
| Owner Occupied HU | 5,220 (76.9%) |
| Renter Occupied HU | 1,257 (18.5%) |
| Vacant Housing Units | 313 ( 4.6%) |
| Median Home Value | $351,924 |
| Average Home Value | $372,055 |
Housing Distribution
Address Breakdown
Residential
6,306
Single Family
6,272
Multi-Family
34
Businesses
340
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Listed by: Godfrey Edokpia • Premier South
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4298834