5803 Labonte 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 5803 Labonte Dr, Hope Mills, NC, 28348 offers a 7.78% rental yield on a $286,400 purchase with $1,858/mo rent. Total monthly income registers $1,858/mo, and a $1,402/mo payment leaves $112/mo available for distribution. Annual cash flow reaches $1,348/yr on $94,942 to close, and return on cash invested stands at 21.33% in year one. Equity gained on principal adds $1,848/yr while 5% annual appreciation supports $79,127 over five years. Portfolio math shows five-year ROI at 110.36% and total cumulative return in cash at $104,774. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,858/mo property income against a $1,402/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
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: DANIEL ALVAREZ • REAL ESTATE PREMIER GROUP, LLC.
Mls Name: LPRMLS
Mls ID: #754935