150 Magnolia Hill DriveCarthageNC28327
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Carthage at 150 Magnolia Hill Drive, Carthage, NC, 28327 offers a 8.54% rental yield on a $449,999 purchase with $3,204/mo rent. Total monthly income registers $3,204/mo, and a $2,203/mo payment leaves $461/mo available for distribution. Annual cash flow reaches $5,532/yr on $149,175 to close, and return on cash invested stands at 23.62% in year one. Equity gained on principal adds $2,904/yr while 5% annual appreciation supports $124,326 over five years. Portfolio math shows five-year ROI at 122.59% and total cumulative return in cash at $182,873. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,204/mo property income against a $2,203/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
0.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28327, Carthage, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,399 (100%) |
| Owner Occupied HU | 6,960 (74.1%) |
| Renter Occupied HU | 1,568 (16.7%) |
| Vacant Housing Units | 871 ( 9.3%) |
| Median Home Value | $388,515 |
| Average Home Value | $417,577 |
Housing Distribution
Address Breakdown
Residential
7,744
Single Family
7,726
Multi-Family
18
Businesses
386
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: #SellingMoore The PG Group • Carolina Summit Group, LLC
Mls Name: Hive MLS
Mls ID: #100513756