1045 Hoover AveMount HollyNC28120
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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 Mount Holly at 1045 Hoover Ave, Mount Holly, NC, 28120 generates $1,626/mo in rent and, after a $1,008/mo payment, leaves $371/mo in cash flow. Total monthly income is $1,626/mo, and annual cash flow is $4,451/yr on $68,256 invested. Return on cash invested sits at 26.43% in year one, and rental yield is 9.48% on a $205,900 entry. Equity gained on principal adds $1,329/yr, while 5% annual appreciation builds toward $56,886 over five years. Five-year ROI reaches 137.69% and total cumulative return in cash sums $93,984. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,626/mo property income rather than buyer’s personal income.
Single Family
Built in 1938
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28120, Mount Holly, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,511 (100%) |
| Owner Occupied HU | 8,249 (71.7%) |
| Renter Occupied HU | 2,623 (22.8%) |
| Vacant Housing Units | 639 ( 5.6%) |
| Median Home Value | $350,350 |
| Average Home Value | $385,667 |
Housing Distribution
Address Breakdown
Residential
10,633
Single Family
10,373
Multi-Family
260
Businesses
473
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Listed by: Roger Hawkins • Hawkins Real Estate Group Inc.
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4295611