390 Phillips Hill RoadConwayNC27820
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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 Conway at 390 Phillips Hill Road, Conway, NC, 27820 listed at $199,500 pairs $1,169/mo rent with a $976/mo payment. Total monthly income runs $1,169/mo. Return on cash invested measures 19.07% in year one, and rental yield registers 7.03% at a $199,500 basis. Equity gained on principal adds $1,287/yr, and annual property appreciation at 5% supports $55,118 by year five. Five-year ROI tracks 98.21% and total cumulative return in cash totals $64,951. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,169/mo property income relative to a $976/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1978
2.95 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27820, Conway, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,401 (100%) |
| Owner Occupied HU | 851 (60.7%) |
| Renter Occupied HU | 311 (22.2%) |
| Vacant Housing Units | 239 (17.1%) |
| Median Home Value | $189,038 |
| Average Home Value | $247,656 |
Housing Distribution
Address Breakdown
Residential
952
Single Family
952
Multi-Family
0
Businesses
50
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Listed by: Elicia Revelle • Revelle Realty, LLC
Mls Name: Hive MLS
Mls ID: #100542819