2438 Carol 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
Rental property for sale in Stanley at 2438 Carol Dr, Stanley, NC, 28164 generates $1,284/mo in rent and, after a $832/mo payment, leaves $248/mo in cash flow. Total monthly income is $1,284/mo, and annual cash flow is $2,976/yr on $56,355 invested. Return on cash invested sits at 25.19% in year one, and rental yield is 9.06% on a $170,000 entry. Equity gained on principal adds $1,097/yr, while 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 131.01% and total cumulative return in cash sums $73,833. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,284/mo property income rather than buyer’s personal income.
Manufactured
Built in 1992
0.56 Acres 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: Cassidy Davis • Ally Plus Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4334977