3042 Pinehills WayMount HollyNC28120
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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 Mount Holly at 3042 Pinehills Way, Mount Holly, NC, 28120 uses $119,009 cash to close to unlock $5,378/yr annual cash flow and $448/mo monthly cash flow. Total monthly income runs $2,636/mo, and a $1,757/mo payment keeps the spread at $448/mo. Purchase price stands at $359,000, and rental yield measures 8.81% with $2,636/mo rent. Return on cash invested shows 24.43% in year one, and 5% annual appreciation builds toward $99,185 over five years. Five-year ROI reaches 126.99% and total cumulative return in cash records $151,123. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,636/mo property income covering a $1,757/mo payment rather than investor’s personal income.
Single Family
Built in 2023
0.20 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28120, Mount Holly, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,511 (100%) |
| Owner Occupied HU | 8,249 (71.7%) |
| Renter Occupied HU | 2,623 (22.8%) |
| Vacant Housing Units | 639 ( 5.6%) |
| Median Home Value | $350,350 |
| Average Home Value | $385,667 |
Housing Distribution
Address Breakdown
Residential
10,633
Single Family
10,373
Multi-Family
260
Businesses
473
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Listed by: Barrie Rojahn • Keller Williams Lake Norman
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4297030