2004 Paddlewheel DrStanleyNC28164
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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 Stanley at 2004 Paddlewheel Dr, Stanley, NC, 28164 listed at $429,270 pairs $1,860/mo rent with a $2,101/mo payment. Total monthly income runs $1,860/mo. Return on cash invested measures 13.53% in year one, and rental yield registers 5.2% at a $429,270 basis. Equity gained on principal adds $2,770/yr, and annual property appreciation at 5% supports $118,599 by year five. Five-year ROI tracks 68.51% and total cumulative return in cash totals $97,489. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,860/mo property income relative to a $2,101/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28164, Stanley, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,790 (100%) |
| Owner Occupied HU | 5,220 (76.9%) |
| Renter Occupied HU | 1,257 (18.5%) |
| Vacant Housing Units | 313 ( 4.6%) |
| Median Home Value | $351,924 |
| Average Home Value | $372,055 |
Housing Distribution
Address Breakdown
Residential
6,306
Single Family
6,272
Multi-Family
34
Businesses
340
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Listed by: LeAnna Huelin • Meritage Homes
Mls Name: Meritage Homes
Mls Provider:
Mls ID: #N/A