10245 Cool Springs RdClevelandNC27054
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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 Cleveland at 10245 Cool Springs Rd, Cleveland, NC, 27054 earns from $3,055/mo rent with a $3,911/mo payment. Total monthly income totals $3,055/mo. ROI tracks 11.78% on current figures, and rental yield reads 4.59% at a $799,000 purchase. Equity gained on principal adds $5,156/yr, and 5% annual appreciation supports $220,749 over five years. Five-year ROI reaches 59.08% and total cumulative return in cash sums $155,310. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,055/mo property income instead of your personal income.
Single Family
Built in 1922
13.14 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27054, Woodleaf, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,173 (100%) |
| Owner Occupied HU | 864 (73.7%) |
| Renter Occupied HU | 226 (19.3%) |
| Vacant Housing Units | 83 ( 7.1%) |
| Median Home Value | $241,613 |
| Average Home Value | $344,630 |
Housing Distribution
Address Breakdown
Residential
1,037
Single Family
1,037
Multi-Family
0
Businesses
70
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Listed by: Jacqui Pendley • Tarheel Realty II
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4289045