402 N Hawthorne StMount HollyNC28120
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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 Mount Holly at 402 N Hawthorne St, Mount Holly, NC, 28120 priced at $288,000 converts $1,951/mo rent into $195/mo cash flow after a $1,410/mo obligation. Total monthly income equals $1,951/mo, and annual cash flow totals $2,345/yr on $95,472 invested. Return on cash invested prints 22.36% in year one, and rental yield reads 8.13% against a $288,000 entry. Equity gained on principal adds $1,858/yr, while 5% annual appreciation compiles into $79,569 by year five. Five-year ROI reaches 115.91% and total cumulative return in cash sums $110,664. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,951/mo property income covering a $1,410/mo payment, not borrower’s personal income.
Single Family
Built in 1955
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28120, Mount Holly, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,511 (100%) |
| Owner Occupied HU | 8,249 (71.7%) |
| Renter Occupied HU | 2,623 (22.8%) |
| Vacant Housing Units | 639 ( 5.6%) |
| Median Home Value | $350,350 |
| Average Home Value | $385,667 |
Housing Distribution
Address Breakdown
Residential
10,633
Single Family
10,373
Multi-Family
260
Businesses
473
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Listed by: Chad Fowler • Premier South
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4277221