227 Westfield DriveRichlandsNC28574
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 Richlands at 227 Westfield Drive, Richlands, NC, 28574 priced at $325,000 pairs $2,010/mo rent with $29/mo cash flow after a $1,591/mo payment. Total monthly income equals $2,010/mo, and annual cash flow comes to $348/yr on $107,738 invested. Return on cash invested is 20.23% in year one, and rental yield stands at 7.42% on a $325,000 basis. Equity gained on principal adds $2,097/yr, and 5% annual appreciation accumulates to $89,792 by year five. Five-year ROI measures 104.44% and total cumulative return in cash reaches $112,525. For financing, Ziffy Mortgage’s DSCR program evaluates $2,010/mo property income against a $1,591/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2021
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28574, Richlands, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,158 (100%) |
| Owner Occupied HU | 5,572 (68.3%) |
| Renter Occupied HU | 1,722 (21.1%) |
| Vacant Housing Units | 864 (10.6%) |
| Median Home Value | $235,409 |
| Average Home Value | $266,109 |
Housing Distribution
Address Breakdown
Residential
7,543
Single Family
7,518
Multi-Family
25
Businesses
293
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Listed by: Emily Albertson • Coldwell Banker Sea Coast Advantage - Jacksonville
Mls Name: Hive MLS
Mls ID: #100543581