5604 Quiet Acres LnWadeNC28395
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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 Wade at 5604 Quiet Acres Ln, Wade, NC, 28395 priced at $340,000 converts $2,576/mo rent into $504/mo cash flow after a $1,664/mo obligation. Total monthly income equals $2,576/mo, and annual cash flow totals $6,048/yr on $112,710 invested. Return on cash invested prints 25.27% in year one, and rental yield reads 9.09% against a $340,000 entry. Equity gained on principal adds $2,194/yr, while 5% annual appreciation compiles into $93,936 by year five. Five-year ROI reaches 131.47% and total cumulative return in cash sums $148,182. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,576/mo property income covering a $1,664/mo payment, not borrower’s personal income.
Single Family
Built in 2008
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28395, Wade, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,143 (100%) |
| Owner Occupied HU | 796 (69.6%) |
| Renter Occupied HU | 175 (15.3%) |
| Vacant Housing Units | 172 (15.0%) |
| Median Home Value | $297,692 |
| Average Home Value | $316,913 |
Housing Distribution
Address Breakdown
Residential
1,088
Single Family
1,088
Multi-Family
0
Businesses
69
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Listed by: MICHELLE MORRIS • NEXTHOME INTEGRITY FIRST
Mls Name: LPRMLS
Mls Provider:
Mls ID: #732722
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.