3099 S River School RdWadeNC28395
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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 Wade at 3099 S River School Rd, Wade, NC, 28395 uses $122,622 cash to close to unlock $7,513/yr annual cash flow and $626/mo monthly cash flow. Total monthly income runs $2,880/mo, and a $1,810/mo payment keeps the spread at $626/mo. Purchase price stands at $369,900, and rental yield measures 9.34% with $2,880/mo rent. Return on cash invested shows 26.04% in year one, and 5% annual appreciation builds toward $102,197 over five years. Five-year ROI reaches 135.61% and total cumulative return in cash records $166,282. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,880/mo property income covering a $1,810/mo payment rather than investor’s personal income.
Single Family
Built in 2025
2.03 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
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Listed by: HOLLY JOHNSON PENDERGRAFT • FRANKLIN JOHNSON COMMERCIAL REAL ESTATE
Mls Name: LPRMLS
Mls Provider:
Mls ID: #749028
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.