Pickens 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
Investment property for sale in Castle Hayne at Pickens Plan, Parsons Mill, Castle Hayne, NC, 28429 offers a 11.16% rental yield on a $347,990 purchase with $3,235/mo rent. Total monthly income registers $3,235/mo, and a $1,703/mo payment leaves $1,114/mo available for distribution. Annual cash flow reaches $13,373/yr on $115,359 to close, and return on cash invested stands at 31.5% in year one. Equity gained on principal adds $2,246/yr while 5% annual appreciation supports $96,143 over five years. Portfolio math shows five-year ROI at 164.89% and total cumulative return in cash at $190,219. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,235/mo property income against a $1,703/mo payment rather than investor’s personal income documents like 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
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Listed by: Rob Dove • Mungo Homes
Mls Name: Mungo Homes, Inc
Mls Provider:
Mls ID: #N/A