44 Riverside DrWhittierNC28789
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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 Whittier at 44 Riverside Dr, Whittier, NC, 28789 offers $2,706/mo rent that, after a $2,887/mo payment. Total monthly income is $2,706/mo. Return on cash invested measures 14.56% in year one, and rental yield stands at 5.5% at a $589,900 entry. Equity gained on principal adds $3,807/yr while 5% annual appreciation compounds into $162,978 by year five. Five-year ROI records 74.04% and total cumulative return in cash reaches $143,697. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,706/mo property income versus a $2,887/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
0.71 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28789, Whittier, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,801 (100%) |
| Owner Occupied HU | 1,973 (51.9%) |
| Renter Occupied HU | 663 (17.4%) |
| Vacant Housing Units | 1,165 (30.6%) |
| Median Home Value | $279,014 |
| Average Home Value | $359,721 |
Housing Distribution
Address Breakdown
Residential
2,496
Single Family
2,496
Multi-Family
0
Businesses
133
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Listed by: Ross Ensley • Yellow Rose Real Estate LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4323113