5815 Millstone Way WSimsNC27880
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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
Rental property for sale in Sims at 5815 Millstone Way W, Sims, NC, 27880 generates $2,034/mo in rent and, after a $1,609/mo payment, leaves $31/mo in cash flow. Total monthly income is $2,034/mo, and annual cash flow is $366/yr on $108,977 invested. Return on cash invested sits at 20.24% in year one, and rental yield is 7.42% on a $328,740 entry. Equity gained on principal adds $2,121/yr, while 5% annual appreciation builds toward $90,825 over five years. Five-year ROI reaches 104.53% and total cumulative return in cash sums $113,915. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,034/mo property income rather than buyer’s personal income.
Single Family
Built in 2026
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27880, Sims, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,426 (100%) |
| Owner Occupied HU | 1,053 (73.8%) |
| Renter Occupied HU | 219 (15.4%) |
| Vacant Housing Units | 154 (10.8%) |
| Median Home Value | $286,111 |
| Average Home Value | $296,854 |
Housing Distribution
Address Breakdown
Residential
1,331
Single Family
1,331
Multi-Family
0
Businesses
60
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Listed by: John Christy • Lennar Carolinas LLC
Mls Name: Doorify MLS
Mls ID: #10121978