9 Walter StStony PointNC28678
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Stony Point at 9 Walter St, Stony Point, NC, 28678 offers $1,980/mo rent that, after a $1,272/mo payment, leaves $396/mo cash flow. Total monthly income is $1,980/mo, and annual cash flow is $4,753/yr on $86,157 cash. Return on cash invested measures 25.43% in year one, and rental yield stands at 9.14% at a $259,900 entry. Equity gained on principal adds $1,677/yr while 5% annual appreciation compounds into $71,806 by year five. Five-year ROI records 132.34% and total cumulative return in cash reaches $114,022. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,980/mo property income versus a $1,272/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1970
0.50 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: Marty Pennell • Weichert, REALTORS Team Metro
Mls Name: Triad MLS
Mls ID: #1204802