Dorchester Plan, Parsons MillCastle HayneNC28429
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Castle Hayne at Dorchester Plan, Parsons Mill, Castle Hayne, NC, 28429 offers $2,774/mo rent that, after a $1,591/mo payment, leaves $793/mo cash flow. Total monthly income is $2,774/mo, and annual cash flow is $9,516/yr on $107,734 cash. Return on cash invested measures 28.74% in year one, and rental yield stands at 10.24% at a $324,990 entry. Equity gained on principal adds $2,097/yr while 5% annual appreciation compounds into $89,789 by year five. Five-year ROI records 150.13% and total cumulative return in cash reaches $161,746. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,774/mo property income versus a $1,591/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28429, Castle Hayne, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,098 (100%) |
| Owner Occupied HU | 3,099 (75.6%) |
| Renter Occupied HU | 699 (17.1%) |
| Vacant Housing Units | 300 ( 7.3%) |
| Median Home Value | $361,361 |
| Average Home Value | $445,607 |
Housing Distribution
Address Breakdown
Residential
4,380
Single Family
4,380
Multi-Family
0
Businesses
241
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rob Dove • Mungo Homes
Mls Name: Mungo Homes, Inc
Mls Provider:
Mls ID: #N/A