3921 Colorado DrHope MillsNC28348
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Hope Mills at 3921 Colorado Dr, Hope Mills, NC, 28348 priced at $260,000 converts $2,269/mo rent into $655/mo cash flow after a $1,273/mo obligation. Total monthly income equals $2,269/mo, and annual cash flow totals $7,857/yr on $86,190 invested. Return on cash invested prints 29.02% in year one, and rental yield reads 10.47% against a $260,000 entry. Equity gained on principal adds $1,678/yr, while 5% annual appreciation compiles into $71,833 by year five. Five-year ROI reaches 151.76% and total cumulative return in cash sums $130,805. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,269/mo property income covering a $1,273/mo payment, not borrower’s personal income.
Single Family
Built in 1997
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28348, Hope Mills, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,809 (100%) |
| Owner Occupied HU | 9,909 (66.9%) |
| Renter Occupied HU | 4,097 (27.7%) |
| Vacant Housing Units | 803 ( 5.4%) |
| Median Home Value | $251,947 |
| Average Home Value | $268,694 |
Housing Distribution
Address Breakdown
Residential
15,019
Single Family
13,982
Multi-Family
1,037
Businesses
579
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: MARY ROGAN • EPIQUE REALTY
Mls Name: LPRMLS
Mls Provider:
Mls ID: #736120
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.