508 Diamond Ridge CourtHubertNC28539
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 Hubert at 508 Diamond Ridge Court, Hubert, NC, 28539 priced at $394,600 converts $2,489/mo rent into $84/mo cash flow after a $1,931/mo obligation. Total monthly income equals $2,489/mo, and annual cash flow totals $1,014/yr on $130,810 invested. Return on cash invested prints 20.68% in year one, and rental yield reads 7.57% against a $394,600 entry. Equity gained on principal adds $2,546/yr, while 5% annual appreciation compiles into $109,021 by year five. Five-year ROI reaches 106.88% and total cumulative return in cash sums $139,812. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,489/mo property income covering a $1,931/mo payment, not borrower’s personal income.
Single Family
Built in 2020
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28539, Hubert, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,392 (100%) |
| Owner Occupied HU | 5,085 (60.6%) |
| Renter Occupied HU | 2,001 (23.8%) |
| Vacant Housing Units | 1,306 (15.6%) |
| Median Home Value | $271,791 |
| Average Home Value | $290,555 |
Housing Distribution
Address Breakdown
Residential
7,750
Single Family
7,750
Multi-Family
0
Businesses
161
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Nearby investment properties with comparable prices
Listed by: Tina Brannen • Thurlow and Bute Real Estate
Mls Name: Hive MLS
Mls ID: #100538907