509 Meadowland CtHope 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 509 Meadowland Ct, Hope Mills, NC, 28348 uses $36,465 cash to close to unlock $1,920/yr annual cash flow and $160/mo monthly cash flow. Total monthly income runs $830/mo, and a $538/mo payment keeps the spread at $160/mo. Purchase price stands at $110,000, and rental yield measures 9.05% with $830/mo rent. Return on cash invested shows 25.17% in year one, and 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 130.91% and total cumulative return in cash records $47,736. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $830/mo property income covering a $538/mo payment rather than investor’s personal income.
Condo
Built in 1998
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: NICHOLAS EIBERGER • ONNIT REALTY GROUP
Mls Name: LPRMLS
Mls ID: #748873