702 Hillcrest DriveMount OliveNC28365
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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 Mount Olive at 702 Hillcrest Drive, Mount Olive, NC, 28365 with 5% annual appreciation on a $325,000 basis while $2,089/mo rent supports operations. Total monthly income totals $2,089/mo and a $1,591/mo payment preserves $108/mo for cash returns. Annual cash flow comes to $1,296/yr on $107,738 deployed, and return on cash invested reaches 21.11% in year one. Equity gained on principal adds $2,097/yr, and five-year appreciation sums $89,792 alongside rental yield of 7.71%. Five-year ROI measures 109.15% and total cumulative return in cash totals $117,601.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,089/mo property income versus a $1,591/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1980
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28365, Mount Olive, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,782 (100%) |
| Owner Occupied HU | 3,694 (54.5%) |
| Renter Occupied HU | 1,828 (27.0%) |
| Vacant Housing Units | 1,260 (18.6%) |
| Median Home Value | $156,304 |
| Average Home Value | $174,143 |
Housing Distribution
Address Breakdown
Residential
6,316
Single Family
6,245
Multi-Family
71
Businesses
505
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Listed by: David Kornegay • Kornegay Realty
Mls Name: Hive MLS
Mls ID: #100542532