10620 Us Highway 601 SMidlandNC28107
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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 Midland at 10620 Us Highway 601 S, Midland, NC, 28107 listed at $329,900 pairs $2,636/mo rent with a $1,615/mo payment to leave $625/mo cash flow. Total monthly income runs $2,636/mo, and annual cash flow reaches $7,501/yr on $109,362 cash to close. Return on cash invested measures 26.77% in year one, and rental yield registers 9.59% at a $329,900 basis. Equity gained on principal adds $2,129/yr, and annual property appreciation at 5% supports $91,145 by year five. Five-year ROI tracks 139.54% and total cumulative return in cash totals $152,607. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,636/mo property income relative to a $1,615/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1990
4.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28107, Midland, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,039 (100%) |
| Owner Occupied HU | 3,399 (84.2%) |
| Renter Occupied HU | 465 (11.5%) |
| Vacant Housing Units | 175 ( 4.3%) |
| Median Home Value | $419,281 |
| Average Home Value | $459,103 |
Housing Distribution
Address Breakdown
Residential
3,950
Single Family
3,950
Multi-Family
0
Businesses
223
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Listed by: Gabrielle Carneglia • NorthGroup Real Estate LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4283378