778 Alum Springs RoadMount 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
Rental property for sale in Mount Olive at 778 Alum Springs Road, Mount Olive, NC, 28365 offers $1,476/mo rent that, after a $1,052/mo payment, leaves $166/mo cash flow. Total monthly income is $1,476/mo, and annual cash flow is $1,992/yr on $71,273 cash. Return on cash invested measures 22.7% in year one, and rental yield stands at 8.24% at a $215,000 entry. Equity gained on principal adds $1,387/yr while 5% annual appreciation compounds into $59,401 by year five. Five-year ROI records 117.69% and total cumulative return in cash reaches $83,881. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,476/mo property income versus a $1,052/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1997
1.02 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: Jesse Lancaster • Wilkins & Lancaster Realty, LLC
Mls Name: Hive MLS
Mls ID: #100550345