24 Stoney RdCastle 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 24 Stoney Rd, Castle Hayne, NC, 28429 uses $115,992 cash to close to unlock $2,041/yr annual cash flow and $170/mo monthly cash flow. Total monthly income runs $2,303/mo, and a $1,713/mo payment keeps the spread at $170/mo. Purchase price stands at $349,900, and rental yield measures 7.9% with $2,303/mo rent. Return on cash invested shows 21.67% in year one, and 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 112.19% and total cumulative return in cash records $130,134. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,303/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1971
10,454 sqft 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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