110 E McNeill 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 110 E McNeill Dr, Red Springs, NC, 28377 generates $979/mo in rent and, after a $636/mo payment, leaves $187/mo in cash flow. Total monthly income is $979/mo, and annual cash flow is $2,245/yr on $43,062 invested. Return on cash invested sits at 25.12% in year one, and rental yield is 9.04% on a $129,900 entry. Equity gained on principal adds $838/yr, while 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 130.77% and total cumulative return in cash sums $56,311. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $979/mo property income rather than buyer’s personal income.
Single Family
Built in 1976
N/A 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: BRIAN BREWINGTON • 1ST CHOICE REAL ESTATE
Mls Name: LPRMLS
Mls ID: #751096