418 E Murray StWallaceNC28466
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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 Wallace at 418 E Murray St, Wallace, NC, 28466 earns $1,426/mo cash flow from $2,868/mo rent with a $1,082/mo payment. Total monthly income totals $2,868/mo, and annual cash flow totals $17,111/yr on $73,262 capital. ROI tracks 43.27% on current figures, and rental yield reads 15.57% at a $221,000 purchase. Equity gained on principal adds $1,426/yr, and 5% annual appreciation supports $61,058 over five years. Five-year ROI reaches 228.51% and total cumulative return in cash sums $167,413. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,868/mo property income instead of your personal income.
Single Family
Built in 1964
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28466, Wallace, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,280 (100%) |
| Owner Occupied HU | 2,463 (57.5%) |
| Renter Occupied HU | 950 (22.2%) |
| Vacant Housing Units | 867 (20.3%) |
| Median Home Value | $229,823 |
| Average Home Value | $283,378 |
Housing Distribution
Address Breakdown
Residential
4,060
Single Family
3,425
Multi-Family
635
Businesses
491
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