502 W Wade 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
Rental property for sale in Wadesboro at 502 W Wade St, Wadesboro, NC, 28170 generates $1,573/mo in rent and, after a $1,148/mo payment, leaves $144/mo in cash flow. Total monthly income is $1,573/mo, and annual cash flow is $1,723/yr on $77,737 invested. Return on cash invested sits at 22.13% in year one, and rental yield is 8.05% on a $234,500 entry. Equity gained on principal adds $1,513/yr, while 5% annual appreciation builds toward $64,788 over five years. Five-year ROI reaches 114.62% and total cumulative return in cash sums $89,104. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,573/mo property income rather than buyer’s personal income.
Single Family
Built in 1937
0.49 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: Dru Anderson • Anderson Real Estate
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4326528