602 Fourth StreetHamletNC28345
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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 Hamlet at 602 Fourth Street, Hamlet, NC, 28345 uses $64,642 cash to close to unlock $4,260/yr annual cash flow and $355/mo monthly cash flow. Total monthly income runs $1,543/mo, and a $954/mo payment keeps the spread at $355/mo. Purchase price stands at $194,999, and rental yield measures 9.5% with $1,543/mo rent. Return on cash invested shows 26.5% in year one, and 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 138.06% and total cumulative return in cash records $89,242. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,543/mo property income covering a $954/mo payment rather than investor’s personal income.
Single Family
Built in 1963
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28345, Hamlet, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,301 (100%) |
| Owner Occupied HU | 3,034 (57.2%) |
| Renter Occupied HU | 1,651 (31.1%) |
| Vacant Housing Units | 616 (11.6%) |
| Median Home Value | $115,134 |
| Average Home Value | $157,470 |
Housing Distribution
Address Breakdown
Residential
4,995
Single Family
4,963
Multi-Family
32
Businesses
356
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Listed by: Julia Mudd • Coldwell Banker Preferred Properties
Mls Name: Hive MLS
Mls ID: #100547087