Guilford Plan, Parsons MillCastle HayneNC28429
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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 Castle Hayne at Guilford Plan, Parsons Mill, Castle Hayne, NC, 28429 priced at $290,990 pairs $2,833/mo rent with $1,060/mo cash flow after a $1,424/mo payment. Total monthly income equals $2,833/mo, and annual cash flow comes to $12,718/yr on $96,463 invested. Return on cash invested is 33.09% in year one, and rental yield stands at 11.68% on a $290,990 basis. Equity gained on principal adds $1,878/yr, and 5% annual appreciation accumulates to $80,395 by year five. Five-year ROI measures 173.42% and total cumulative return in cash reaches $167,283. For financing, Ziffy Mortgage’s DSCR program evaluates $2,833/mo property income against a $1,424/mo payment instead of your W2s, 1099s, or 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
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Listed by: Rob Dove • Mungo Homes
Mls Name: Mungo Homes, Inc
Mls Provider:
Mls ID: #N/A