424 McNeill 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 424 McNeill St, Hope Mills, NC, 28348 listed at $124,500 pairs $1,020/mo rent with a $609/mo payment to leave $262/mo cash flow. Total monthly income runs $1,020/mo, and annual cash flow reaches $3,139/yr on $41,272 cash to close. Return on cash invested measures 27.52% in year one, and rental yield registers 9.83% at a $124,500 basis. Equity gained on principal adds $803/yr, and annual property appreciation at 5% supports $34,397 by year five. Five-year ROI tracks 143.56% and total cumulative return in cash totals $59,248. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,020/mo property income relative to a $609/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1999
0.25 Acres 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: RUSSELL KINLAW • KINLAW FAMILY REALTY
Mls Name: LPRMLS
Mls Provider:
Mls ID: #746446
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.