1463 Creekwood RdHope MillsNC28348
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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 Hope Mills at 1463 Creekwood Rd, Hope Mills, NC, 28348 offers $2,386/mo rent that, after a $2,007/mo payment. Total monthly income is $2,386/mo. Return on cash invested measures 18.77% in year one, and rental yield stands at 6.98% at a $410,000 entry. Equity gained on principal adds $2,646/yr while 5% annual appreciation compounds into $113,275 by year five. Five-year ROI records 96.7% and total cumulative return in cash reaches $131,423. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,386/mo property income versus a $2,007/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
N/A lot
$N/A/sqft
$190 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28348, Hope Mills, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,809 (100%) |
| Owner Occupied HU | 9,909 (66.9%) |
| Renter Occupied HU | 4,097 (27.7%) |
| Vacant Housing Units | 803 ( 5.4%) |
| Median Home Value | $251,947 |
| Average Home Value | $268,694 |
Housing Distribution
Address Breakdown
Residential
15,019
Single Family
13,982
Multi-Family
1,037
Businesses
579
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Listed by: JUSTIN HIRIGOYEN • EXP REALTY LLC
Mls Name: LPRMLS
Mls Provider:
Mls ID: #731912
Disclaimer: 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. Information is deemed reliable but not guaranteed.