4048 William Bill Luther DrHope MillsNC28348
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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 Hope Mills at 4048 William Bill Luther Dr, Hope Mills, NC, 28348 generates $1,907/mo in rent and, after a $1,346/mo payment, leaves $193/mo in cash flow. Total monthly income is $1,907/mo, and annual cash flow is $2,321/yr on $91,129 invested. Return on cash invested sits at 22.46% in year one, and rental yield is 8.32% on a $274,900 entry. Equity gained on principal adds $1,774/yr, while 5% annual appreciation builds toward $75,950 over five years. Five-year ROI reaches 116.58% and total cumulative return in cash sums $106,239. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,907/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
10,454 sqft lot
$N/A/sqft
$110 annually 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
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Listed by: Terry McDonald • Flat Fee Realty LLC
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10105887
Disclaimer: The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS. Copyright 2025 Doorify MLS of North Carolina. All rights reserved.