802 Alexwood DrHope 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
Rental property for sale in Hope Mills at 802 Alexwood Dr, Hope Mills, NC, 28348 offers $1,849/mo rent that, after a $1,397/mo payment, leaves $109/mo cash flow. Total monthly income is $1,849/mo, and annual cash flow is $1,313/yr on $94,643 cash. Return on cash invested measures 21.3% in year one, and rental yield stands at 7.77% at a $285,500 entry. Equity gained on principal adds $1,842/yr while 5% annual appreciation compounds into $78,878 by year five. Five-year ROI records 110.19% and total cumulative return in cash reaches $104,287. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,849/mo property income versus a $1,397/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1999
9,147 sqft 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: Fatima Montgomery • Realty Star Group SC LLC
Mls Name: My State MLS
Mls ID: #11361442