Telfair 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 Telfair Plan, Parsons Mill, Castle Hayne, NC, 28429 uses $119,005 cash to close to unlock $15,627/yr annual cash flow and $1,302/mo monthly cash flow. Total monthly income runs $3,490/mo, and a $1,757/mo payment keeps the spread at $1,302/mo. Purchase price stands at $358,990, and rental yield measures 11.67% with $3,490/mo rent. Return on cash invested shows 33.04% in year one, and 5% annual appreciation builds toward $99,182 over five years. Five-year ROI reaches 173.16% and total cumulative return in cash records $206,068. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,490/mo property income covering a $1,757/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: 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