221 Wallace Rd WEllerbeNC28338
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 221 Wallace Rd W, Ellerbe, NC, 28338 in Ellerbe at $250,000 earns $1,671/mo in rent and nets $147/mo after the $1,124/mo payment, a 8.02% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $69,070 over five years. Ziffy Mortgage underwrites this on a 1.49 DSCR without U.S. credit history. With $2,303/yr in principal paydown, total projected return reaches $104,185.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8% | 6.2% |
| Monthly Cash Flow | $147 | $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 | $1,671 |
| Total Monthly Debt Service | $1,424 |
| DSCR Ratio | 1.17x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, 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.
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
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
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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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.