1032 John Nunnery RdStedmanNC28391
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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
Rental property for sale in Stedman at 1032 John Nunnery Rd, Stedman, NC, 28391 priced at $342,900 converts $1,918/mo rent into after a $1,678/mo obligation. Total monthly income equals $1,918/mo. Return on cash invested prints 18.1% in year one, and rental yield reads 6.71% against a $342,900 entry. Equity gained on principal adds $2,213/yr, while 5% annual appreciation compiles into $94,737 by year five. Five-year ROI reaches 93.03% and total cumulative return in cash sums $105,749. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,918/mo property income covering a $1,678/mo payment, not borrower’s personal income.
Single Family
Built in 1976
1.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28391, Stedman, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,583 (100%) |
| Owner Occupied HU | 1,877 (72.7%) |
| Renter Occupied HU | 488 (18.9%) |
| Vacant Housing Units | 218 ( 8.4%) |
| Median Home Value | $246,369 |
| Average Home Value | $247,255 |
Housing Distribution
Address Breakdown
Residential
2,431
Single Family
2,407
Multi-Family
24
Businesses
122
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Listed by: ELIZABETH BELK • MAIN STREET REALTY INC.
Mls Name: LPRMLS
Mls Provider:
Mls ID: #740622
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.