6417 Morning Glory DrStedmanNC28391
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
Investment property for sale in Stedman at 6417 Morning Glory Dr, Stedman, NC, 28391 uses $59,339 cash to close to unlock $7,694/yr annual cash flow and $641/mo monthly cash flow. Total monthly income runs $1,732/mo, and a $876/mo payment keeps the spread at $641/mo. Purchase price stands at $179,000, and rental yield measures 11.61% with $1,732/mo rent. Return on cash invested shows 32.88% in year one, and 5% annual appreciation builds toward $49,454 over five years. Five-year ROI reaches 172.32% and total cumulative return in cash records $102,255. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,732/mo property income covering a $876/mo payment rather than investor’s personal income.
Manufactured
Built in 1993
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28391, Stedman, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,583 (100%) |
| Owner Occupied HU | 1,877 (72.7%) |
| Renter Occupied HU | 488 (18.9%) |
| Vacant Housing Units | 218 ( 8.4%) |
| Median Home Value | $246,369 |
| Average Home Value | $247,255 |
Housing Distribution
Address Breakdown
Residential
2,431
Single Family
2,407
Multi-Family
24
Businesses
122
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: AISHA FUTRELLE • DASH CAROLINA
Mls Name: LPRMLS
Mls ID: #754191