697 Poppleton DriveHampsteadNC28443
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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 Hampstead at 697 Poppleton Drive, Hampstead, NC, 28443 priced at $419,000 converts $3,271/mo rent into $717/mo cash flow after a $2,051/mo obligation. Total monthly income equals $3,271/mo, and annual cash flow totals $8,606/yr on $138,899 invested. Return on cash invested prints 26.11% in year one, and rental yield reads 9.37% against a $419,000 entry. Equity gained on principal adds $2,704/yr, while 5% annual appreciation compiles into $115,762 by year five. Five-year ROI reaches 135.97% and total cumulative return in cash sums $188,861. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,271/mo property income covering a $2,051/mo payment, not borrower’s personal income.
Single Family
Built in 2022
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28443, Hampstead, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,890 (100%) |
| Owner Occupied HU | 9,436 (67.9%) |
| Renter Occupied HU | 2,390 (17.2%) |
| Vacant Housing Units | 2,064 (14.9%) |
| Median Home Value | $417,206 |
| Average Home Value | $465,947 |
Housing Distribution
Address Breakdown
Residential
12,362
Single Family
11,362
Multi-Family
1,000
Businesses
716
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Listed by: Wendy G Thompson • REAL Broker LLC
Mls Name: Hive MLS
Mls ID: #100533254