389 Whispering Hills DrLocustNC28097
Nearby investment properties with comparable rents
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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 Locust at 389 Whispering Hills Dr, Locust, NC, 28097 offers $2,273/mo rent that, after a $1,786/mo payment, leaves $49/mo cash flow. Total monthly income is $2,273/mo, and annual cash flow is $588/yr on $120,998 cash. Return on cash invested measures 20.39% in year one, and rental yield stands at 7.47% at a $365,000 entry. Equity gained on principal adds $2,355/yr while 5% annual appreciation compounds into $100,843 by year five. Five-year ROI records 105.31% and total cumulative return in cash reaches $127,423. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,273/mo property income versus a $1,786/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2017
0.19 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28097, Locust, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,049 (100%) |
| Owner Occupied HU | 2,333 (76.5%) |
| Renter Occupied HU | 566 (18.6%) |
| Vacant Housing Units | 150 ( 4.9%) |
| Median Home Value | $315,438 |
| Average Home Value | $340,889 |
Housing Distribution
Address Breakdown
Residential
3,343
Single Family
3,343
Multi-Family
0
Businesses
323
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Listed by: Kristine Wade • COMPASS
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4273635
Disclaimer: Based on information submitted to the MLS GRID as of 2025-11-03 21:28:10 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#87)