382 Bannermans Mill RoadRichlandsNC28574
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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 Richlands at 382 Bannermans Mill Road, Richlands, NC, 28574 uses $97,461 cash to close to unlock $3,098/yr annual cash flow and $258/mo monthly cash flow. Total monthly income runs $2,050/mo, and a $1,439/mo payment keeps the spread at $258/mo. Purchase price stands at $294,000, and rental yield measures 8.37% with $2,050/mo rent. Return on cash invested shows 23.09% in year one, and 5% annual appreciation builds toward $81,227 over five years. Five-year ROI reaches 119.8% and total cumulative return in cash records $116,760. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,050/mo property income covering a $1,439/mo payment rather than investor’s personal income.
Single Family
Built in 2010
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28574, Richlands, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,158 (100%) |
| Owner Occupied HU | 5,572 (68.3%) |
| Renter Occupied HU | 1,722 (21.1%) |
| Vacant Housing Units | 864 (10.6%) |
| Median Home Value | $235,409 |
| Average Home Value | $266,109 |
Housing Distribution
Address Breakdown
Residential
7,543
Single Family
7,518
Multi-Family
25
Businesses
293
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Listed by: Hope Mazzeo • Seaside Home Realty
Mls Name: Hive MLS
Mls ID: #100549780