112 E Ashe StWadesboroNC28170
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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 Wadesboro at 112 E Ashe St, Wadesboro, NC, 28170 priced at $260,000 converts $1,811/mo rent into $226/mo cash flow after a $1,273/mo obligation. Total monthly income equals $1,811/mo, and annual cash flow totals $2,712/yr on $86,190 invested. Return on cash invested prints 23.06% in year one, and rental yield reads 8.36% against a $260,000 entry. Equity gained on principal adds $1,678/yr, while 5% annual appreciation compiles into $71,833 by year five. Five-year ROI reaches 119.57% and total cumulative return in cash sums $103,061. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,811/mo property income covering a $1,273/mo payment, not borrower’s personal income.
Single Family
Built in 1936
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28170, Wadesboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,014 (100%) |
| Owner Occupied HU | 2,799 (55.8%) |
| Renter Occupied HU | 1,545 (30.8%) |
| Vacant Housing Units | 670 (13.4%) |
| Median Home Value | $115,666 |
| Average Home Value | $156,860 |
Housing Distribution
Address Breakdown
Residential
4,543
Single Family
4,518
Multi-Family
25
Businesses
559
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Listed by: Caty Edwards • Plank Road Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4330180