3083 S River School RdWadeNC28395
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
Rental property for sale in Wade at 3083 S River School Rd, Wade, NC, 28395 generates $2,880/mo in rent and, after a $1,737/mo payment, leaves $717/mo in cash flow. Total monthly income is $2,880/mo, and annual cash flow is $8,605/yr on $117,649 invested. Return on cash invested sits at 27.22% in year one, and rental yield is 9.74% on a $354,900 entry. Equity gained on principal adds $2,290/yr, while 5% annual appreciation builds toward $98,052 over five years. Five-year ROI reaches 141.97% and total cumulative return in cash sums $167,032. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,880/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
2.02 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28395, Wade, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,143 (100%) |
| Owner Occupied HU | 796 (69.6%) |
| Renter Occupied HU | 175 (15.3%) |
| Vacant Housing Units | 172 (15.0%) |
| Median Home Value | $297,692 |
| Average Home Value | $316,913 |
Housing Distribution
Address Breakdown
Residential
1,088
Single Family
1,088
Multi-Family
0
Businesses
69
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: HOLLY JOHNSON PENDERGRAFT • FRANKLIN JOHNSON COMMERCIAL REAL ESTATE
Mls Name: LPRMLS
Mls ID: #749025