47/110 Walter StreetStony PtNC28678
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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 Stony Pt at 47/110 Walter Street, Stony Pt, NC, 28678 listed at $191,300 pairs $1,510/mo rent with a $936/mo payment to leave $344/mo cash flow. Total monthly income runs $1,510/mo, and annual cash flow reaches $4,133/yr on $63,416 cash to close. Return on cash invested measures 26.43% in year one, and rental yield registers 9.47% at a $191,300 basis. Equity gained on principal adds $1,234/yr, and annual property appreciation at 5% supports $52,853 by year five. Five-year ROI tracks 137.72% and total cumulative return in cash totals $87,336. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,510/mo property income relative to a $936/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1984
2.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28678, Stony Point, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,289 (100%) |
| Owner Occupied HU | 1,620 (70.8%) |
| Renter Occupied HU | 436 (19.0%) |
| Vacant Housing Units | 233 (10.2%) |
| Median Home Value | $259,045 |
| Average Home Value | $327,500 |
Housing Distribution
Address Breakdown
Residential
2,028
Single Family
2,028
Multi-Family
0
Businesses
65
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Listed by: Paula Price • Big 6 Properties
Mls Name: High Country AOR
Mls Provider:
Mls ID: #256599
Disclaimer: IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.