2622 Cimarron CirMidlandNC28107
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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 Midland at 2622 Cimarron Cir, Midland, NC, 28107 offers a 9.87% rental yield on a $189,900 purchase with $1,562/mo rent. Total monthly income registers $1,562/mo, and a $929/mo payment leaves $405/mo available for distribution. Annual cash flow reaches $4,861/yr on $62,952 to close, and return on cash invested stands at 27.63% in year one. Equity gained on principal adds $1,225/yr while 5% annual appreciation supports $52,466 over five years. Portfolio math shows five-year ROI at 144.19% and total cumulative return in cash at $90,773. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,562/mo property income against a $929/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1980
1.62 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28107, Midland, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,039 (100%) |
| Owner Occupied HU | 3,399 (84.2%) |
| Renter Occupied HU | 465 (11.5%) |
| Vacant Housing Units | 175 ( 4.3%) |
| Median Home Value | $419,281 |
| Average Home Value | $459,103 |
Housing Distribution
Address Breakdown
Residential
3,950
Single Family
3,950
Multi-Family
0
Businesses
223
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Listed by: Joe Collins • Collins REALTORS
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4314345