112 E Earnhardt St ESpencerNC28081
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Spencer at 112 E Earnhardt St E, Spencer, NC, 28081 priced at $439,900 pairs $3,240/mo rent with $559/mo cash flow after a $2,153/mo payment. Total monthly income equals $3,240/mo, and annual cash flow comes to $6,709/yr on $145,827 invested. Return on cash invested is 24.51% in year one, and rental yield stands at 8.84% on a $439,900 basis. Equity gained on principal adds $2,839/yr, and 5% annual appreciation accumulates to $121,536 by year five. Five-year ROI measures 127.41% and total cumulative return in cash reaches $185,799. For financing, Ziffy Mortgage’s DSCR program evaluates $3,240/mo property income against a $2,153/mo payment instead of your W2s, 1099s, or Tax returns.
Multi Family
Built in 2024
0.21 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Chantel Staney • CEDAR REALTY LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4198181
Disclaimer: Based on information submitted to the MLS GRID as of 2024-01-24 10:55:15 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_87)