246 Oak StWallaceNC28466
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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 Wallace at 246 Oak St, Wallace, NC, 28466 listed at $237,700 pairs $1,831/mo rent with a $1,163/mo payment to leave $383/mo cash flow. Total monthly income runs $1,831/mo, and annual cash flow reaches $4,593/yr on $78,798 cash to close. Return on cash invested measures 25.74% in year one, and rental yield registers 9.24% at a $237,700 basis. Equity gained on principal adds $1,534/yr, and annual property appreciation at 5% supports $65,672 by year five. Five-year ROI tracks 133.97% and total cumulative return in cash totals $105,564. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,831/mo property income relative to a $1,163/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1967
0.61 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
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Listed by: N/A • N/A
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