3376 Wade Stedman 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 3376 Wade Stedman Rd, Wade, NC, 28395 offers a 13.1% rental yield on a $156,000 purchase with $1,703/mo rent. Total monthly income registers $1,703/mo, and a $764/mo payment leaves $749/mo available for distribution. Annual cash flow reaches $8,989/yr on $51,714 to close, and return on cash invested stands at 37.29% in year one. Equity gained on principal adds $1,007/yr while 5% annual appreciation supports $43,100 over five years. Portfolio math shows five-year ROI at 196.04% and total cumulative return in cash at $101,382. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,703/mo property income against a $764/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1995
1 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: CASSIE CALLAHAN • BIRCH & BEAM REALTY
Mls Name: LPRMLS
Mls Provider:
Mls ID: #751503
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.