356 Pond RdWancheseNC27981
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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 Wanchese at 356 Pond Rd, Wanchese, NC, 27981 listed at $317,500 pairs $3,823/mo rent with a $1,554/mo payment to leave $1,888/mo cash flow. Total monthly income runs $3,823/mo, and annual cash flow reaches $22,656/yr on $105,251 cash to close. Return on cash invested measures 41.43% in year one, and rental yield registers 14.45% at a $317,500 basis. Equity gained on principal adds $2,049/yr, and annual property appreciation at 5% supports $87,719 by year five. Five-year ROI tracks 218.14% and total cumulative return in cash totals $229,594. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,823/mo property income relative to a $1,554/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1987
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27981, Wanchese, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 739 (100%) |
| Owner Occupied HU | 483 (65.4%) |
| Renter Occupied HU | 183 (24.8%) |
| Vacant Housing Units | 73 ( 9.9%) |
| Median Home Value | $328,107 |
| Average Home Value | $351,180 |
Housing Distribution
Address Breakdown
Residential
359
Single Family
359
Multi-Family
0
Businesses
91
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Listed by: Anna McMaster • Century 21 Nachman Realty
Mls Name: OBAR
Mls Provider:
Mls ID: #130027
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.