233 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 233 Westfield Drive, Richlands, NC, 28574 offers $1,998/mo rent that, after a $1,603/mo payment, leaves $2/mo cash flow. Total monthly income is $1,998/mo, and annual cash flow is $24/yr on $108,566 cash. Return on cash invested measures 19.93% in year one, and rental yield stands at 7.32% at a $327,500 entry. Equity gained on principal adds $2,113/yr while 5% annual appreciation compounds into $90,482 by year five. Five-year ROI records 102.82% and total cumulative return in cash reaches $111,630. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,998/mo property income versus a $1,603/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
0.40 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: Sheri Murillo • Realty Shop & Property Management
Mls Name: Hive MLS
Mls ID: #100545268