2291 Howell 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
Investment property for sale in Midland at 2291 Howell Rd, Midland, NC, 28107 listed at $350,000 pairs $1,822/mo rent with a $1,713/mo payment. Total monthly income runs $1,822/mo. Return on cash invested measures 16.69% in year one, and rental yield registers 6.25% at a $350,000 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,699 by year five. Five-year ROI tracks 85.46% and total cumulative return in cash totals $99,158. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,822/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1999
3.75 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: Steven Mitchem • Allen Tate Concord
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4262796