1115 N May StSouthern PinesNC28387
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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 Southern Pines at 1115 N May St, Southern Pines, NC, 28387 priced at $490,000 pairs $2,964/mo rent with after a $2,398/mo payment. Total monthly income equals $2,964/mo. Return on cash invested is 18.31% in year one, and rental yield stands at 7.26% on a $490,000 basis. Equity gained on principal adds $3,162/yr, and 5% annual appreciation accumulates to $135,378 by year five. Five-year ROI measures 94.63% and total cumulative return in cash reaches $153,708. For financing, Ziffy Mortgage’s DSCR program evaluates $2,964/mo property income against a $2,398/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2016
N/A lot
$N/A/sqft
$195 monthly HOA
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Listed by: TERESA WOLF • ERA STROTHER REAL ESTATE #5
Mls Name: LPRMLS
Mls Provider:
Mls ID: #743257
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.