3665 Midway DriveWhitevilleNC28472
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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 Whiteville at 3665 Midway Drive, Whiteville, NC, 28472 offers a 7.61% rental yield on a $250,000 purchase with $1,586/mo rent. Total monthly income registers $1,586/mo, and a $1,224/mo payment leaves $62/mo available for distribution. Annual cash flow reaches $744/yr on $82,875 to close, and return on cash invested stands at 20.81% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,070 over five years. Portfolio math shows five-year ROI at 107.52% and total cumulative return in cash at $89,110. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,586/mo property income against a $1,224/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1967
4.08 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28472, Whiteville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,977 (100%) |
| Owner Occupied HU | 4,832 (60.6%) |
| Renter Occupied HU | 2,243 (28.1%) |
| Vacant Housing Units | 902 (11.3%) |
| Median Home Value | $189,085 |
| Average Home Value | $229,803 |
Housing Distribution
Address Breakdown
Residential
7,988
Single Family
7,847
Multi-Family
141
Businesses
1,110
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Listed by: Austin M Grainger • Brunswick County Holmes Real Estate
Mls Name: Hive MLS
Mls ID: #100521509