2224 Pope RdMidlandNC28107
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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 Midland at 2224 Pope Rd, Midland, NC, 28107 generates $2,516/mo in rent and, after a $1,810/mo payment, leaves $262/mo in cash flow. Total monthly income is $2,516/mo, and annual cash flow is $3,145/yr on $122,622 invested. Return on cash invested sits at 22.47% in year one, and rental yield is 8.16% on a $369,900 entry. Equity gained on principal adds $2,387/yr, while 5% annual appreciation builds toward $102,197 over five years. Five-year ROI reaches 116.5% and total cumulative return in cash sums $142,858. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,516/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
1.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28107, Midland, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,039 (100%) |
| Owner Occupied HU | 3,399 (84.2%) |
| Renter Occupied HU | 465 (11.5%) |
| Vacant Housing Units | 175 ( 4.3%) |
| Median Home Value | $419,281 |
| Average Home Value | $459,103 |
Housing Distribution
Address Breakdown
Residential
3,950
Single Family
3,950
Multi-Family
0
Businesses
223
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Listed by: Shannon Skiscim • Foxx Properties LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4304409