3623 White Cliffs DriveCastle HayneNC28429
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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 Castle Hayne at 3623 White Cliffs Drive, Castle Hayne, NC, 28429 offers a 3.14% rental yield on a $1,500,000 purchase with $3,922/mo rent. 48% in year one. Equity gained on principal adds $9,679/yr while 5% annual appreciation supports $414,422 over five years. Portfolio math shows five-year ROI at 35.97% and total cumulative return in cash at $174,791. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,922/mo property income against a $7,342/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2020
0.63 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
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Listed by: Michelle Clark-Bradley • Intracoastal Realty Corp
Mls Name: Hive MLS
Mls ID: #100537011