4106 Noonday CtHope 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 4106 Noonday Ct, Hope Mills, NC, 28348 offers $1,742/mo rent that, after a $1,077/mo payment, leaves $401/mo cash flow. Total monthly income is $1,742/mo, and annual cash flow is $4,812/yr on $72,930 cash. Return on cash invested measures 26.51% in year one, and rental yield stands at 9.5% at a $220,000 entry. Equity gained on principal adds $1,420/yr while 5% annual appreciation compounds into $60,782 by year five. Five-year ROI records 138.08% and total cumulative return in cash reaches $100,703. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,742/mo property income versus a $1,077/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1993
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: ANGELA DONOHOE • MAIN STREET REALTY GROUP
Mls Name: LPRMLS
Mls Provider:
Mls ID: #740792
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.