1690 Midway RdStony PointNC28678
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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
Investment property for sale in Stony Point at 1690 Midway Rd, Stony Point, NC, 28678 offers a 8.31% rental yield on a $243,000 purchase with $1,682/mo rent. Total monthly income registers $1,682/mo, and a $1,189/mo payment leaves $201/mo available for distribution. Annual cash flow reaches $2,417/yr on $80,555 to close, and return on cash invested stands at 22.91% in year one. Equity gained on principal adds $1,568/yr while 5% annual appreciation supports $67,136 over five years. Portfolio math shows five-year ROI at 118.84% and total cumulative return in cash at $95,732. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,682/mo property income against a $1,189/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
0.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28678, Stony Point, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,289 (100%) |
| Owner Occupied HU | 1,620 (70.8%) |
| Renter Occupied HU | 436 (19.0%) |
| Vacant Housing Units | 233 (10.2%) |
| Median Home Value | $259,045 |
| Average Home Value | $327,500 |
Housing Distribution
Address Breakdown
Residential
2,028
Single Family
2,028
Multi-Family
0
Businesses
65
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Listed by: Brooke Gaither • Tarheel Realty II
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4326199