6117 Earp CtHope 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
Investment property for sale in Hope Mills at 6117 Earp Ct, Hope Mills, NC, 28348 uses $66,267 cash to close to unlock $11,173/yr annual cash flow and $931/mo monthly cash flow. Total monthly income runs $2,149/mo, and a $978/mo payment keeps the spread at $931/mo. Purchase price stands at $199,900, and rental yield measures 12.9% with $2,149/mo rent. Return on cash invested shows 36.77% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 193.2% and total cumulative return in cash records $128,029. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,149/mo property income covering a $978/mo payment rather than investor’s personal income.
Manufactured
Built in 1998
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: JAMES (JAMIE) GRAHAM • 1ST CHOICE REAL ESTATE
Mls Name: LPRMLS
Mls ID: #747209