103 W Sunset DrRed SpringsNC28377
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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
Rental property for sale in Red Springs at 103 W Sunset Dr, Red Springs, NC, 28377 offers $1,226/mo rent that, after a $763/mo payment, leaves $276/mo cash flow. Total monthly income is $1,226/mo, and annual cash flow is $3,311/yr on $51,681 cash. Return on cash invested measures 26.32% in year one, and rental yield stands at 9.44% at a $155,900 entry. Equity gained on principal adds $1,006/yr while 5% annual appreciation compounds into $43,072 by year five. Five-year ROI records 137.06% and total cumulative return in cash reaches $70,834. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,226/mo property income versus a $763/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1967
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28377, Red Springs, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,642 (100%) |
| Owner Occupied HU | 2,818 (60.7%) |
| Renter Occupied HU | 1,390 (29.9%) |
| Vacant Housing Units | 434 ( 9.3%) |
| Median Home Value | $115,417 |
| Average Home Value | $150,295 |
Housing Distribution
Address Breakdown
Residential
4,418
Single Family
4,312
Multi-Family
106
Businesses
280
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Listed by: Sibyl Russ • EXP Realty LLC
Mls Name: Doorify MLS
Mls ID: #10112737