1922 Elephant LnHope MillsNC28348
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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 Hope Mills at 1922 Elephant Ln, Hope Mills, NC, 28348 generates $2,386/mo in rent and, after a $1,565/mo payment, leaves $437/mo in cash flow. Total monthly income is $2,386/mo, and annual cash flow is $5,248/yr on $105,983 invested. Return on cash invested sits at 24.86% in year one, and rental yield is 8.96% on a $319,706 entry. Equity gained on principal adds $2,063/yr, while 5% annual appreciation builds toward $88,329 over five years. Five-year ROI reaches 129.3% and total cumulative return in cash sums $137,035. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,386/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
0.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28348, Hope Mills, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,809 (100%) |
| Owner Occupied HU | 9,909 (66.9%) |
| Renter Occupied HU | 4,097 (27.7%) |
| Vacant Housing Units | 803 ( 5.4%) |
| Median Home Value | $251,947 |
| Average Home Value | $268,694 |
Housing Distribution
Address Breakdown
Residential
15,019
Single Family
13,982
Multi-Family
1,037
Businesses
579
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Listed by: APRIL STEPHENS • EXP REALTY LLC
Mls Name: LPRMLS
Mls ID: #739923