1118 Rice StreetHamletNC28345
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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 Hamlet at 1118 Rice Street, Hamlet, NC, 28345 generates $1,278/mo in rent, after a $1,713/mo payment. Total monthly income is $1,278/mo. Return on cash invested sits at 11.07% in year one, and rental yield is 4.38% on a $350,000 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,699 over five years. Five-year ROI reaches 55.29% and total cumulative return in cash sums $64,154. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,278/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
0.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28345, Hamlet, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,301 (100%) |
| Owner Occupied HU | 3,034 (57.2%) |
| Renter Occupied HU | 1,651 (31.1%) |
| Vacant Housing Units | 616 (11.6%) |
| Median Home Value | $115,134 |
| Average Home Value | $157,470 |
Housing Distribution
Address Breakdown
Residential
4,995
Single Family
4,963
Multi-Family
32
Businesses
356
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Listed by: Crystal Stewart Long • Carolina Realty Co. Southeast LLC
Mls Name: Hive MLS
Mls ID: #100547422