170 Flowers RdMount OliveNC28365
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
Rental property for sale in Mount Olive at 170 Flowers Rd, Mount Olive, NC, 28365 priced at $179,900 converts $1,338/mo rent into $241/mo cash flow after a $881/mo obligation. Total monthly income equals $1,338/mo, and annual cash flow totals $2,893/yr on $59,637 invested. Return on cash invested prints 24.76% in year one, and rental yield reads 8.92% against a $179,900 entry. Equity gained on principal adds $1,161/yr, while 5% annual appreciation compiles into $49,703 by year five. Five-year ROI reaches 128.8% and total cumulative return in cash sums $76,809. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,338/mo property income covering a $881/mo payment, not borrower’s personal income.
Single Family
Built in 1970
0.60 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28365, Mount Olive, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,782 (100%) |
| Owner Occupied HU | 3,694 (54.5%) |
| Renter Occupied HU | 1,828 (27.0%) |
| Vacant Housing Units | 1,260 (18.6%) |
| Median Home Value | $156,304 |
| Average Home Value | $174,143 |
Housing Distribution
Address Breakdown
Residential
6,316
Single Family
6,245
Multi-Family
71
Businesses
505
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Andrea H Reeves • Mark Spain Real Estate
Mls Name: Doorify MLS
Mls ID: #10138710