421 Carolina Hemlock DrLocustNC28097
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
Investment property for sale in Locust at 421 Carolina Hemlock Dr, Locust, NC, 28097 at $415,000 posts ROI 21.42% with $173/mo cash flow from $2,702/mo rent. Total monthly income equals $2,702/mo, and annual cash flow records $2,076/yr on $137,573 to close. Return on cash invested measures 21.42% and rental yield reads 7.81% at the current $415,000. Equity gained on principal adds $2,678/yr, and 5% annual appreciation supports $114,657 by year five. Five-year ROI prints 110.8% and total cumulative return in cash totals $152,433.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,702/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2021
0.24 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28097, Locust, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,049 (100%) |
| Owner Occupied HU | 2,333 (76.5%) |
| Renter Occupied HU | 566 (18.6%) |
| Vacant Housing Units | 150 ( 4.9%) |
| Median Home Value | $315,438 |
| Average Home Value | $340,889 |
Housing Distribution
Address Breakdown
Residential
3,343
Single Family
3,343
Multi-Family
0
Businesses
323
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Nearby investment properties with comparable prices
Listed by: Matt Claxton • My Townhome LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4326871