109 Rock Harbor LnSpring LakeNC28390
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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 Spring Lake at 109 Rock Harbor Ln, Spring Lake, NC, 28390 at $228,900 posts ROI 30.11% with $645/mo cash flow from $2,040/mo rent. Total monthly income equals $2,040/mo, and annual cash flow records $7,744/yr on $75,880 to close. Return on cash invested measures 30.11% and rental yield reads 10.69% at the current $228,900. Equity gained on principal adds $1,477/yr, and 5% annual appreciation supports $63,241 by year five. Five-year ROI prints 157.48% and total cumulative return in cash totals $119,493.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,040/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1999
0.43 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 |
Housing Distribution
Address Breakdown
Residential
10,417
Single Family
8,619
Multi-Family
1,798
Businesses
619
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Listed by: BETTY SUE TAYLOR • TOWNSEND REAL ESTATE
Mls Name: LPRMLS
Mls Provider:
Mls ID: #743010
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.