105 Sprinkle Mill CirLewisvilleNC27023
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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 Lewisville at 105 Sprinkle Mill Cir, Lewisville, NC, 27023 priced at $525,000 converts $2,560/mo rent into after a $2,570/mo obligation. Total monthly income equals $2,560/mo. Return on cash invested prints 15.61% in year one, and rental yield reads 5.85% against a $525,000 entry. Equity gained on principal adds $3,388/yr, while 5% annual appreciation compiles into $145,048 by year five. Five-year ROI reaches 79.64% and total cumulative return in cash sums $137,565. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,560/mo property income covering a $2,570/mo payment, not borrower’s personal income.
Single Family
Built in 1997
1.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27023, Lewisville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,965 (100%) |
| Owner Occupied HU | 4,746 (79.6%) |
| Renter Occupied HU | 816 (13.7%) |
| Vacant Housing Units | 403 ( 6.8%) |
| Median Home Value | $391,092 |
| Average Home Value | $494,701 |
Housing Distribution
Address Breakdown
Residential
5,550
Single Family
5,243
Multi-Family
307
Businesses
370
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Listed by: Mark W. Hauser • Quarters Real Estate Services
Mls Name: Triad MLS
Mls ID: #1204940