3522 Emerson DriveCastle HayneNC28429
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Castle Hayne at 3522 Emerson Drive, Castle Hayne, NC, 28429 offers a 9.87% rental yield on a $325,000 purchase with $2,672/mo rent. Total monthly income registers $2,672/mo, and a $1,591/mo payment leaves $691/mo available for distribution. Annual cash flow reaches $8,292/yr on $107,738 to close, and return on cash invested stands at 27.61% in year one. Equity gained on principal adds $2,097/yr while 5% annual appreciation supports $89,792 over five years. Portfolio math shows five-year ROI at 143.97% and total cumulative return in cash at $155,113. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,672/mo property income against a $1,591/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28429, Castle Hayne, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,098 (100%) |
| Owner Occupied HU | 3,099 (75.6%) |
| Renter Occupied HU | 699 (17.1%) |
| Vacant Housing Units | 300 ( 7.3%) |
| Median Home Value | $361,361 |
| Average Home Value | $445,607 |
Housing Distribution
Address Breakdown
Residential
4,380
Single Family
4,380
Multi-Family
0
Businesses
241
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Trina Thomas Team • Keller Williams Innovate-Wilmington
Mls Name: Hive MLS
Mls ID: #100520129