281 Red Fox Run DriveWallaceNC28466
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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 Wallace at 281 Red Fox Run Drive, Wallace, NC, 28466 generates $4,014/mo in rent and, after a $3,181/mo payment, leaves $53/mo in cash flow. Total monthly income is $4,014/mo, and annual cash flow is $637/yr on $213,817 invested. Return on cash invested sits at 20.36% in year one, and rental yield is 7.41% on a $649,900 entry. Equity gained on principal adds $4,194/yr, while 5% annual appreciation builds toward $179,555 over five years. Five-year ROI reaches 105.1% and total cumulative return in cash sums $224,730. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $4,014/mo property income rather than buyer’s personal income.
Single Family
Built in 2006
0.55 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: Terry W Milam • Berkshire Hathaway HomeServices Carolina Premier Properties
Mls Name: Hive MLS
Mls ID: #100541016