McDowell Plan, Parsons MillCastle HayneNC28429
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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
Investment property for sale in Castle Hayne at McDowell Plan, Parsons Mill, Castle Hayne, NC, 28429 at $326,089 posts ROI 31.64% with $1,057/mo cash flow from $3,044/mo rent. Total monthly income equals $3,044/mo, and annual cash flow records $12,680/yr on $108,099 to close. Return on cash invested measures 31.64% and rental yield reads 11.2% at the current $326,089. Equity gained on principal adds $2,104/yr, and 5% annual appreciation supports $90,092 by year five. Five-year ROI prints 165.63% and total cumulative return in cash totals $179,047.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,044/mo property income rather than your personal income records (W2s, Paystubs, 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
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Listed by: Rob Dove • Mungo Homes
Mls Name: Mungo Homes, Inc
Mls Provider:
Mls ID: #N/A