6062 Midus StHope 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 6062 Midus St, Hope Mills, NC, 28348 offers $3,774/mo rent that, after a $2,643/mo payment, leaves $483/mo cash flow. Total monthly income is $3,774/mo, and annual cash flow is $5,796/yr on $177,660 cash. Return on cash invested measures 23.32% in year one, and rental yield stands at 8.39% at a $540,000 entry. Equity gained on principal adds $3,485/yr while 5% annual appreciation compounds into $149,192 by year five. Five-year ROI records 120.98% and total cumulative return in cash reaches $214,934. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,774/mo property income versus a $2,643/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1987
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: SHERIE MCFADDEN • EXP REALTY LLC
Mls Name: LPRMLS
Mls Provider:
Mls ID: #745798
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.