2305 Flowery Branch DrCastle HayneNC28429
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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 Castle Hayne at 2305 Flowery Branch Dr, Castle Hayne, NC, 28429 generates $2,874/mo in rent and, after a $1,865/mo payment, leaves $552/mo in cash flow. Total monthly income is $2,874/mo, and annual cash flow is $6,622/yr on $126,284 invested. Return on cash invested sits at 25.15% in year one, and rental yield is 9.05% on a $380,947 entry. Equity gained on principal adds $2,458/yr, while 5% annual appreciation builds toward $105,249 over five years. Five-year ROI reaches 130.84% and total cumulative return in cash sums $165,226. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,874/mo property income rather than buyer’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28429, Castle Hayne, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,098 (100%) |
| Owner Occupied HU | 3,099 (75.6%) |
| Renter Occupied HU | 699 (17.1%) |
| Vacant Housing Units | 300 ( 7.3%) |
| Median Home Value | $361,361 |
| Average Home Value | $445,607 |
Housing Distribution
Address Breakdown
Residential
4,380
Single Family
4,380
Multi-Family
0
Businesses
241
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Listed by: Rob Dove • Mungo Homes
Mls Name: Mungo Homes, Inc
Mls Provider:
Mls ID: #N/A