5820 Nicolet 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
Rental property for sale in Hope Mills at 5820 Nicolet Dr, Hope Mills, NC, 28348 priced at $132,500 converts $1,025/mo rent into $181/mo cash flow after a $649/mo obligation. Total monthly income equals $1,025/mo, and annual cash flow totals $2,171/yr on $43,924 invested. Return on cash invested prints 24.85% in year one, and rental yield reads 9.28% against a $132,500 entry. Equity gained on principal adds $855/yr, while 5% annual appreciation compiles into $36,607 by year five. Five-year ROI reaches 129.57% and total cumulative return in cash sums $56,912. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,025/mo property income covering a $649/mo payment, not borrower’s personal income.
Single Family
Built in 1982
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: STEVE HOGAN • GRANT-MURRAY REAL ESTATE LLC.
Mls Name: LPRMLS
Mls Provider:
Mls ID: #740787
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.