501 Hillsboro StStedmanNC28391
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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 Stedman at 501 Hillsboro St, Stedman, NC, 28391 offers a 5.72% rental yield on a $675,000 purchase with $3,215/mo rent. 2% in year one. Equity gained on principal adds $4,356/yr while 5% annual appreciation supports $186,490 over five years. Portfolio math shows five-year ROI at 77.44% and total cumulative return in cash at $171,975. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,215/mo property income against a $3,304/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1859
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28391, Stedman, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,583 (100%) |
| Owner Occupied HU | 1,877 (72.7%) |
| Renter Occupied HU | 488 (18.9%) |
| Vacant Housing Units | 218 ( 8.4%) |
| Median Home Value | $246,369 |
| Average Home Value | $247,255 |
Housing Distribution
Address Breakdown
Residential
2,431
Single Family
2,407
Multi-Family
24
Businesses
122
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Listed by: MELODY WALKER • KINGDOM REAL ESTATE LLC.
Mls Name: LPRMLS
Mls Provider:
Mls ID: #745839
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.