114 York AvenueHoffmanNC28347
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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 Hoffman at 114 York Avenue, Hoffman, NC, 28347 priced at $114,900 converts $1,057/mo rent into $357/mo cash flow after a $562/mo obligation. Total monthly income equals $1,057/mo, and annual cash flow totals $4,285/yr on $38,089 invested. Return on cash invested prints 31.16% in year one, and rental yield reads 11.04% against a $114,900 entry. Equity gained on principal adds $741/yr, while 5% annual appreciation compiles into $31,745 by year five. Five-year ROI reaches 163.17% and total cumulative return in cash sums $62,150. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,057/mo property income covering a $562/mo payment, not borrower’s personal income.
Manufactured
Built in 1992
1.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28347, Hoffman, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 421 (100%) |
| Owner Occupied HU | 269 (63.9%) |
| Renter Occupied HU | 95 (22.6%) |
| Vacant Housing Units | 57 (13.5%) |
| Median Home Value | $156,696 |
| Average Home Value | $163,680 |
Housing Distribution
Address Breakdown
Residential
377
Single Family
377
Multi-Family
0
Businesses
36
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Listed by: Crystal Stewart Long • Carolina Realty Co. Southeast LLC
Mls Name: Hive MLS
Mls Provider:
Mls ID: #100478926
Disclaimer: The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS, and is updated as of 2025-02-21 00:29:22 PST. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Zillow, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 2025-02-21 00:29:22 PST Hive MLS