185 Cellars WayWallaceNC28466
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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 Wallace at 185 Cellars Way, Wallace, NC, 28466 offers a 6.28% rental yield on a $395,000 purchase with $2,066/mo rent. 78% in year one. Equity gained on principal adds $2,549/yr while 5% annual appreciation supports $109,131 over five years. Portfolio math shows five-year ROI at 85.95% and total cumulative return in cash at $112,542. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,066/mo property income against a $1,933/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2010
0.44 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: Sabrina N Williams • Coldwell Banker Sea Coast Advantage-Leland
Mls Name: Hive MLS
Mls ID: #100547396