185 Cedar Point DrWallaceNC28466
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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
Total monthly income runs $3,049/mo, and a $2,932/mo payment. Purchase price stands at $599,000, and rental yield measures 6.11% with $3,049/mo rent. Return on cash invested shows 16.4% in year one, and 5% annual appreciation builds toward $165,493 over five years. Five-year ROI reaches 83.86% and total cumulative return in cash records $165,262. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,049/mo property income covering a $2,932/mo payment rather than investor’s personal income.
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
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Listed by: N/A • N/A
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Mls ID: #N/A