303 W Wayne StFremontNC27830
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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 Fremont at 303 W Wayne St, Fremont, NC, 27830 offers a 12.86% rental yield on a $140,000 purchase with $1,500/mo rent. Total monthly income registers $1,500/mo, and a $685/mo payment leaves $611/mo available for distribution. Annual cash flow reaches $7,334/yr on $46,410 to close, and return on cash invested stands at 35.71% in year one. Equity gained on principal adds $903/yr while 5% annual appreciation supports $38,679 over five years. Portfolio math shows five-year ROI at 187.87% and total cumulative return in cash at $87,190. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,500/mo property income against a $685/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27830, Fremont, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,999 (100%) |
| Owner Occupied HU | 1,233 (61.7%) |
| Renter Occupied HU | 491 (24.6%) |
| Vacant Housing Units | 275 (13.8%) |
| Median Home Value | $199,038 |
| Average Home Value | $229,019 |
Housing Distribution
Address Breakdown
Residential
1,500
Single Family
1,500
Multi-Family
0
Businesses
113
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