1601 Midway Road SEBoliviaNC28422
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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 Bolivia at 1601 Midway Road SE, Bolivia, NC, 28422 generates $2,395/mo in rent and, after a $1,415/mo payment, leaves $633/mo in cash flow. Total monthly income is $2,395/mo, and annual cash flow is $7,598/yr on $95,804 invested. Return on cash invested sits at 27.84% in year one, and rental yield is 9.94% on a $289,000 entry. Equity gained on principal adds $1,865/yr, while 5% annual appreciation builds toward $79,845 over five years. Five-year ROI reaches 145.29% and total cumulative return in cash sums $139,190. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,395/mo property income rather than buyer’s personal income.
Single Family
Built in 1965
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28422, Bolivia, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,819 (100%) |
| Owner Occupied HU | 4,108 (70.6%) |
| Renter Occupied HU | 639 (11.0%) |
| Vacant Housing Units | 1,072 (18.4%) |
| Median Home Value | $361,725 |
| Average Home Value | $402,232 |
Housing Distribution
Address Breakdown
Residential
5,467
Single Family
5,108
Multi-Family
359
Businesses
207
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Listed by: Living By the Coast Realty Group • RE/MAX Executive
Mls Name: Hive MLS
Mls ID: #100530137