350 Eddie StWadesboroNC28170
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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 Wadesboro at 350 Eddie St, Wadesboro, NC, 28170 uses $53,703 cash to close to unlock $2,731/yr annual cash flow and $228/mo monthly cash flow. Total monthly income runs $1,215/mo, and a $793/mo payment keeps the spread at $228/mo. Purchase price stands at $162,000, and rental yield measures 9% with $1,215/mo rent. Return on cash invested shows 24.99% in year one, and 5% annual appreciation builds toward $44,758 over five years. Five-year ROI reaches 130.04% and total cumulative return in cash records $69,833. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,215/mo property income covering a $793/mo payment rather than investor’s personal income.
Single Family
Built in 1966
1.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28170, Wadesboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,014 (100%) |
| Owner Occupied HU | 2,799 (55.8%) |
| Renter Occupied HU | 1,545 (30.8%) |
| Vacant Housing Units | 670 (13.4%) |
| Median Home Value | $115,666 |
| Average Home Value | $156,860 |
Housing Distribution
Address Breakdown
Residential
4,543
Single Family
4,518
Multi-Family
25
Businesses
559
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Listed by: Sharon Jenkins • Lantern Realty & Development, LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4292292