241 Oak StreetWallaceNC28466
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
Investment Highlights
Total monthly income runs $1,406/mo, and a $1,566/mo payment. Purchase price stands at $319,900, and rental yield measures 5.27% with $1,406/mo rent. Return on cash invested shows 13.75% in year one, and 5% annual appreciation builds toward $88,382 over five years. Five-year ROI reaches 69.75% and total cumulative return in cash records $73,964. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,406/mo property income covering a $1,566/mo payment rather than investor’s personal income.
Single Family
Built in 1962
0.60 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Missy Surratt • All Tides Realty LLC
Mls Name: Hive MLS
Mls ID: #100547407