Covington American Farmhouse Plan, HollycrestPinehurstNC28374
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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 Pinehurst at Covington American Farmhouse Plan, Hollycrest, Pinehurst, NC, 28374 priced at $955,000 converts $8,940/mo rent into $3,120/mo cash flow after a $4,674/mo obligation. Total monthly income equals $8,940/mo, and annual cash flow totals $37,440/yr on $314,195 invested. Return on cash invested prints 31.98% in year one, and rental yield reads 11.23% against a $955,000 entry. Equity gained on principal adds $6,162/yr, while 5% annual appreciation compiles into $263,849 by year five. Five-year ROI reaches 167.39% and total cumulative return in cash sums $525,923. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $8,940/mo property income covering a $4,674/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28374, Pinehurst, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,441 (100%) |
| Owner Occupied HU | 7,889 (69.0%) |
| Renter Occupied HU | 1,801 (15.7%) |
| Vacant Housing Units | 1,751 (15.3%) |
| Median Home Value | $499,597 |
| Average Home Value | $589,795 |
Housing Distribution
Address Breakdown
Residential
9,306
Single Family
9,258
Multi-Family
48
Businesses
678
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Listed by: N/A • Homes By Dickerson
Mls Name: Homes By Dickerson
Mls Provider:
Mls ID: #N/A