607 Rollins AvenueHamletNC28345
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Hamlet at 607 Rollins Avenue, Hamlet, NC, 28345 priced at $299,000 converts $2,456/mo rent into $634/mo cash flow after a $1,463/mo obligation. Total monthly income equals $2,456/mo, and annual cash flow totals $7,610/yr on $99,119 invested. Return on cash invested prints 27.59% in year one, and rental yield reads 9.86% against a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,608 by year five. Five-year ROI reaches 143.92% and total cumulative return in cash sums $142,654. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,456/mo property income covering a $1,463/mo payment, not borrower’s personal income.
Single Family
Built in 1960
0.69 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: Jamie P Moss-Godfrey • RE/MAX Southern Realty
Mls Name: Hive MLS
Mls ID: #100541642