3516 Meldonna DrMaidenNC28650
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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 Maiden at 3516 Meldonna Dr, Maiden, NC, 28650 generates $2,399/mo in rent and, after a $1,322/mo payment, leaves $753/mo in cash flow. Total monthly income is $2,399/mo, and annual cash flow is $9,036/yr on $89,505 invested. Return on cash invested sits at 30% in year one, and rental yield is 10.66% on a $270,000 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation builds toward $74,596 over five years. Five-year ROI reaches 156.85% and total cumulative return in cash sums $140,389. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,399/mo property income rather than buyer’s personal income.
Manufactured
Built in 2015
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28650, Maiden, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,033 (100%) |
| Owner Occupied HU | 4,331 (71.8%) |
| Renter Occupied HU | 1,158 (19.2%) |
| Vacant Housing Units | 544 ( 9.0%) |
| Median Home Value | $285,884 |
| Average Home Value | $312,459 |
Housing Distribution
Address Breakdown
Residential
5,592
Single Family
5,572
Multi-Family
20
Businesses
267
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Listed by: Julie Giustino • Faith Properties
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4329499