47 Walter StreetStony PointNC28678
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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 Point at 47 Walter Street, Stony Point, NC, 28678 uses $63,416 cash to close to unlock $5,873/yr annual cash flow and $489/mo monthly cash flow. Total monthly income runs $1,655/mo, and a $936/mo payment keeps the spread at $489/mo. Purchase price stands at $191,300, and rental yield measures 10.38% with $1,655/mo rent. Return on cash invested shows 29.17% in year one, and 5% annual appreciation builds toward $52,853 over five years. Five-year ROI reaches 152.42% and total cumulative return in cash records $96,660. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,655/mo property income covering a $936/mo payment rather than investor’s personal income.
Multi Family
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: #256524
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.