7144 Lee AveWadeNC28395
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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 Wade at 7144 Lee Ave, Wade, NC, 28395 with 5% annual appreciation on a $165,000 basis while $1,354/mo rent supports operations. Total monthly income totals $1,354/mo and a $808/mo payment preserves $348/mo for cash returns. Annual cash flow comes to $4,176/yr on $54,698 deployed, and return on cash invested reaches 27.54% in year one. Equity gained on principal adds $1,065/yr, and five-year appreciation sums $45,586 alongside rental yield of 9.85%. Five-year ROI measures 143.63% and total cumulative return in cash totals $78,563.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,354/mo property income versus a $808/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 2015
0.66 Acres 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: AMY REYNOLDS • ACE REAL ESTATE
Mls Name: LPRMLS
Mls Provider:
Mls ID: #741808
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.