2317 Emerald Ave LOT 259Castle 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
Investment property for sale in Castle Hayne at 2317 Emerald Ave LOT 259, Castle Hayne, NC, 28429 listed at $407,940 pairs $2,874/mo rent with a $1,997/mo payment to leave $387/mo cash flow. Total monthly income runs $2,874/mo, and annual cash flow reaches $4,650/yr on $135,232 cash to close. Return on cash invested measures 23.35% in year one, and rental yield registers 8.45% at a $407,940 basis. Equity gained on principal adds $2,632/yr, and annual property appreciation at 5% supports $112,706 by year five. Five-year ROI tracks 121.17% and total cumulative return in cash totals $163,861. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,874/mo property income relative to a $1,997/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
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: N/A • D.R. Horton
Mls Name: DR Horton
Mls Provider:
Mls ID: #N/A