21 Grant DriveHampsteadNC28443
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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 Hampstead at 21 Grant Drive, Hampstead, NC, 28443 priced at $540,000 converts $2,975/mo rent into after a $2,643/mo obligation. Total monthly income equals $2,975/mo. Return on cash invested prints 17.93% in year one, and rental yield reads 6.61% against a $540,000 entry. Equity gained on principal adds $3,485/yr, while 5% annual appreciation compiles into $149,192 by year five. Five-year ROI reaches 92.04% and total cumulative return in cash sums $163,514. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,975/mo property income covering a $2,643/mo payment, not borrower’s personal income.
Single Family
Built in 2015
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28443, Hampstead, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,890 (100%) |
| Owner Occupied HU | 9,436 (67.9%) |
| Renter Occupied HU | 2,390 (17.2%) |
| Vacant Housing Units | 2,064 (14.9%) |
| Median Home Value | $417,206 |
| Average Home Value | $465,947 |
Housing Distribution
Address Breakdown
Residential
12,362
Single Family
11,362
Multi-Family
1,000
Businesses
716
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Listed by: Brittany L Allen • Keller Williams Innovate-Wilmington
Mls Name: Hive MLS
Mls ID: #100547189