406 Vanguard StHope 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
Investment property for sale in Hope Mills at 406 Vanguard St, Hope Mills, NC, 28348 with 5% annual appreciation on a $230,000 basis while $1,960/mo rent supports operations. Total monthly income totals $1,960/mo and a $1,126/mo payment preserves $558/mo for cash returns. Annual cash flow comes to $6,696/yr on $76,245 deployed, and return on cash invested reaches 28.69% in year one. Equity gained on principal adds $1,484/yr, and five-year appreciation sums $63,545 alongside rental yield of 10.23%. Five-year ROI measures 149.81% and total cumulative return in cash totals $114,223.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,960/mo property income versus a $1,126/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1973
N/A 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
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Listed by: SAMAYA BEST • DREAMS MADE REALTY GROUP
Mls Name: LPRMLS
Mls ID: #751470