312 Glenellen Loop RoadMidway ParkNC28544
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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
Rental property for sale in Midway Park at 312 Glenellen Loop Road, Midway Park, NC, 28544 priced at $215,000 converts $1,607/mo rent into $243/mo cash flow after a $1,052/mo obligation. Total monthly income equals $1,607/mo, and annual cash flow totals $2,914/yr on $71,273 invested. Return on cash invested prints 24% in year one, and rental yield reads 8.97% against a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation compiles into $59,401 by year five. Five-year ROI reaches 124.96% and total cumulative return in cash sums $89,065. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,607/mo property income covering a $1,052/mo payment, not borrower’s personal income.
Townhouse
Built in 2021
1,742 sqft lot
$N/A/sqft
$650 annually HOA
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Nearby investment properties with comparable prices
Listed by: Amber Simerly • NorthGroup Real Estate
Mls Name: Hive MLS
Mls Provider:
Mls ID: #100509306
Disclaimer: The data relating to real estate on this web site comes in part from the Internet Data Exchange program of Hive MLS, and is updated as of 2025-06-02 08:04:29 PDT. All information is deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Zillow, Inc. shall be responsible for any typographical errors, misinformation, or misprints, and shall be held totally harmless from any damages arising from reliance upon these data. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. 2025-06-02 08:04:29 PDT Hive MLS