185 Cedar Point DrWallaceNC28466
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingCapital preservation and steady income define 185 Cedar Point Dr, Wallace, NC, 28466 in Wallace. Rental yield 6.11%. The 1.13 coverage passes Ziffy Mortgage's DSCR threshold for non-U.S. residents. Five-year appreciation of $165,493 and $5,517/yr in principal reduction project total return of $188,236.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 6.1% | 6.2% |
| Monthly Cash Flow | $(601) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $3,049 |
| Total Monthly Debt Service | $3,412 |
| DSCR Ratio | 0.89x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2002
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28466, Wallace, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,280 (100%) |
| Owner Occupied HU | 2,463 (57.5%) |
| Renter Occupied HU | 950 (22.2%) |
| Vacant Housing Units | 867 (20.3%) |
| Median Home Value | $229,823 |
| Average Home Value | $283,378 |
Housing Distribution
Address Breakdown
Residential
4,060
Single Family
3,425
Multi-Family
635
Businesses
491
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 2002
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28466, Wallace, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,280 (100%) |
| Owner Occupied HU | 2,463 (57.5%) |
| Renter Occupied HU | 950 (22.2%) |
| Vacant Housing Units | 867 (20.3%) |
| Median Home Value | $229,823 |
| Average Home Value | $283,378 |
Housing Distribution
Address Breakdown
Residential
4,060
Single Family
3,425
Multi-Family
635
Businesses
491
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A