2349 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
Investment property for sale in Castle Hayne at 2349 Flowery Branch Dr, Castle Hayne, NC, 28429 with 5% annual appreciation on a $438,600 basis while $2,874/mo rent supports operations. Total monthly income totals $2,874/mo and a $2,147/mo payment preserves $201/mo for cash returns. Annual cash flow comes to $2,408/yr on $145,396 deployed, and return on cash invested reaches 21.57% in year one. Equity gained on principal adds $2,830/yr, and five-year appreciation sums $121,177 alongside rental yield of 7.86%. Five-year ROI measures 111.6% and total cumulative return in cash totals $162,267.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,874/mo property income versus a $2,147/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
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 • N/A
Mls Name: Mungo Homes, Inc
Mls Provider:
Mls ID: #N/A