44 Howard Norton DrHiddeniteNC28636
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
Rental property for sale in Hiddenite at 44 Howard Norton Dr, Hiddenite, NC, 28636 offers $1,711/mo rent that, after a $1,199/mo payment, leaves $218/mo cash flow. Total monthly income is $1,711/mo, and annual cash flow is $2,617/yr on $81,184 cash. Return on cash invested measures 23.13% in year one, and rental yield stands at 8.38% at a $244,900 entry. Equity gained on principal adds $1,580/yr while 5% annual appreciation compounds into $67,661 by year five. Five-year ROI records 120.06% and total cumulative return in cash reaches $97,469. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,711/mo property income versus a $1,199/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 2021
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28636, Hiddenite, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,150 (100%) |
| Owner Occupied HU | 1,523 (70.8%) |
| Renter Occupied HU | 399 (18.6%) |
| Vacant Housing Units | 228 (10.6%) |
| Median Home Value | $209,018 |
| Average Home Value | $248,582 |
Housing Distribution
Address Breakdown
Residential
1,969
Single Family
1,969
Multi-Family
0
Businesses
102
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Nearby investment properties with comparable prices
Listed by: Marty Pennell • Weichert, Realtors - Team Metro
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4339843