178 Chestnut Drive SWSupplyNC28462
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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 Supply at 178 Chestnut Drive SW, Supply, NC, 28462 uses $87,848 cash to close to unlock $3,828/yr annual cash flow and $319/mo monthly cash flow. Total monthly income runs $1,934/mo, and a $1,297/mo payment keeps the spread at $319/mo. Purchase price stands at $265,000, and rental yield measures 8.76% with $1,934/mo rent. Return on cash invested shows 24.27% in year one, and 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 126.07% and total cumulative return in cash records $110,751. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,934/mo property income covering a $1,297/mo payment rather than investor’s personal income.
Manufactured
Built in 1991
1.23 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28462, Supply, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,489 (100%) |
| Owner Occupied HU | 5,220 (41.8%) |
| Renter Occupied HU | 1,286 (10.3%) |
| Vacant Housing Units | 5,983 (47.9%) |
| Median Home Value | $313,882 |
| Average Home Value | $390,268 |
Housing Distribution
Address Breakdown
Residential
8,202
Single Family
8,194
Multi-Family
8
Businesses
381
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Listed by: Deana L Gore • PROACTIVE Real Estate
Mls Name: Hive MLS
Mls ID: #100547405