505 Sheila StHope MillsNC28348
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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 Hope Mills at 505 Sheila St, Hope Mills, NC, 28348 priced at $149,900 pairs $1,162/mo rent with $248/mo cash flow after a $734/mo payment. Total monthly income equals $1,162/mo, and annual cash flow comes to $2,977/yr on $49,692 invested. Return on cash invested is 25.9% in year one, and rental yield stands at 9.3% on a $149,900 basis. Equity gained on principal adds $967/yr, and 5% annual appreciation accumulates to $41,415 by year five. Five-year ROI measures 134.94% and total cumulative return in cash reaches $67,055. For financing, Ziffy Mortgage’s DSCR program evaluates $1,162/mo property income against a $734/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2018
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: JUANITA SMITH • VYLLA HOME
Mls Name: LPRMLS
Mls ID: #753728