109 Prospect DriveRichlandsNC28574
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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 Richlands at 109 Prospect Drive, Richlands, NC, 28574 generates $2,161/mo in rent and, after a $1,517/mo payment, leaves $272/mo in cash flow. Total monthly income is $2,161/mo, and annual cash flow is $3,264/yr on $102,765 invested. Return on cash invested sits at 23.09% in year one, and rental yield is 8.37% on a $310,000 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 119.74% and total cumulative return in cash sums $123,055. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,161/mo property income rather than buyer’s personal income.
Single Family
Built in 2015
0.48 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: Ed Hoke • Century 21 Coastal Advantage
Mls Name: Hive MLS
Mls ID: #100542971