1029 Five Mile RoadRichlandsNC28574
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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
Investment property for sale in Richlands at 1029 Five Mile Road, Richlands, NC, 28574 earns from $2,127/mo rent with a $3,674/mo payment. Total monthly income totals $2,127/mo. ROI tracks 8.17% on current figures, and rental yield reads 3.4% at a $750,587 purchase. Equity gained on principal adds $4,843/yr, and 5% annual appreciation supports $207,373 over five years. Five-year ROI reaches 39.72% and total cumulative return in cash sums $98,074. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,127/mo property income instead of your personal income.
Single Family
Built in 2004
3.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28574, Richlands, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,158 (100%) |
| Owner Occupied HU | 5,572 (68.3%) |
| Renter Occupied HU | 1,722 (21.1%) |
| Vacant Housing Units | 864 (10.6%) |
| Median Home Value | $235,409 |
| Average Home Value | $266,109 |
Housing Distribution
Address Breakdown
Residential
7,543
Single Family
7,518
Multi-Family
25
Businesses
293
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Listed by: Carol T Tusing • Keller Williams Innovate - Jax
Mls Name: Hive MLS
Mls ID: #100524167