318 N Patterson StMaxtonNC28364
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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 Maxton at 318 N Patterson St, Maxton, NC, 28364 generates $1,631/mo in rent and, after a $1,072/mo payment, leaves $296/mo in cash flow. Total monthly income is $1,631/mo, and annual cash flow is $3,554/yr on $72,599 invested. Return on cash invested sits at 24.8% in year one, and rental yield is 8.94% on a $219,000 entry. Equity gained on principal adds $1,413/yr, while 5% annual appreciation builds toward $60,506 over five years. Five-year ROI reaches 129.02% and total cumulative return in cash sums $93,669. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,631/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28364, Maxton, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,130 (100%) |
| Owner Occupied HU | 3,460 (67.4%) |
| Renter Occupied HU | 1,082 (21.1%) |
| Vacant Housing Units | 588 (11.5%) |
| Median Home Value | $84,012 |
| Average Home Value | $108,186 |
Housing Distribution
Address Breakdown
Residential
4,908
Single Family
4,872
Multi-Family
36
Businesses
242
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Listed by: MARITZA MEDINA • EMPIRE REAL ESTATE LLC.
Mls Name: LPRMLS
Mls ID: #751197