221 Wallace RdEllerbeNC28338
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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 Ellerbe at 221 Wallace Rd, Ellerbe, NC, 28338 priced at $250,000 pairs $1,038/mo rent with after a $1,224/mo payment. Total monthly income equals $1,038/mo. Return on cash invested is 12.87% in year one, and rental yield stands at 4.98% on a $250,000 basis. Equity gained on principal adds $1,613/yr, and 5% annual appreciation accumulates to $69,070 by year five. Five-year ROI measures 64.97% and total cumulative return in cash reaches $53,842. For financing, Ziffy Mortgage’s DSCR program evaluates $1,038/mo property income against a $1,224/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 2023
5.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28338, Ellerbe, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,995 (100%) |
| Owner Occupied HU | 1,271 (63.7%) |
| Renter Occupied HU | 438 (22.0%) |
| Vacant Housing Units | 286 (14.3%) |
| Median Home Value | $215,594 |
| Average Home Value | $339,689 |
Housing Distribution
Address Breakdown
Residential
1,443
Single Family
1,443
Multi-Family
0
Businesses
93
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Listed by: LAVERN MACKALL • 1ST CHOICE REAL ESTATE
Mls Name: LPRMLS
Mls Provider:
Mls ID: #732101
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.