5001 Southmill DrHope 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 5001 Southmill Dr, Hope Mills, NC, 28348 uses $62,985 cash to close to unlock $3,636/yr annual cash flow and $303/mo monthly cash flow. Total monthly income runs $1,461/mo, and a $930/mo payment keeps the spread at $303/mo. Purchase price stands at $190,000, and rental yield measures 9.23% with $1,461/mo rent. Return on cash invested shows 25.68% in year one, and 5% annual appreciation builds toward $52,494 over five years. Five-year ROI reaches 133.67% and total cumulative return in cash records $84,192. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,461/mo property income covering a $930/mo payment rather than investor’s personal income.
Manufactured
Built in N/A
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: MARIA MILLER • COLDWELL BANKER ADVANTAGE - FAYETTEVILLE
Mls Name: LPRMLS
Mls Provider:
Mls ID: #741691
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.