Plan 3147 Plan, Midland CrossingMidlandNC28107
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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 Midland at Plan 3147 Plan, Midland Crossing, Midland, NC, 28107 uses $153,150 cash to close to unlock $4,819/yr annual cash flow and $402/mo monthly cash flow. Total monthly income runs $3,217/mo, and a $2,261/mo payment keeps the spread at $402/mo. Purchase price stands at $461,990, and rental yield measures 8.36% with $3,217/mo rent. Return on cash invested shows 23.06% in year one, and 5% annual appreciation builds toward $127,639 over five years. Five-year ROI reaches 119.6% and total cumulative return in cash records $183,170. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,217/mo property income covering a $2,261/mo payment rather than investor’s personal income.
Single Family
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28107, Midland, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,039 (100%) |
| Owner Occupied HU | 3,399 (84.2%) |
| Renter Occupied HU | 465 (11.5%) |
| Vacant Housing Units | 175 ( 4.3%) |
| Median Home Value | $419,281 |
| Average Home Value | $459,103 |
Housing Distribution
Address Breakdown
Residential
3,950
Single Family
3,950
Multi-Family
0
Businesses
223
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Listed by: Christy Cleveland • KB Home
Mls Name: KB Home
Mls Provider:
Mls ID: #N/A