103 Angus Ct, Spring Lake, NC, 28390 | $599/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Spring Lake at 103 Angus Ct, Spring Lake, NC, 28390 generates $1,823/mo in rent and, after a $964/mo payment, leaves $599/mo in cash flow. Total monthly income is $1,823/mo, and annual cash flow is $7,184/yr on $65,306 invested. Return on cash invested sits at 30.91% in year one, and rental yield is 11.1% on a $197,000 entry. Equity gained on principal adds $1,271/yr, while 5% annual appreciation builds toward $54,427 over five years. Five-year ROI reaches 161.89% and total cumulative return in cash sums $105,722. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,823/mo property income rather than buyer’s personal income.

Single Family

Built in 1984

0.28 Acres lot

$N/A/sqft

No HOA

Neighborhood Data

Neighborhood data shown for ZIP Code: 28390, Spring Lake, NC area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	11,066 (100%)
Owner Occupied HU	4,891 (44.2%)
Renter Occupied HU	4,958 (44.8%)
Vacant Housing Units	1,217 (11.0%)
Median Home Value	$271,254
Average Home Value	$262,656