112 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 112 E McNeill Dr, Red springs, NC, 28377 offers $1,579/mo rent that, after a $974/mo payment, leaves $366/mo cash flow. Total monthly income is $1,579/mo, and annual cash flow is $4,394/yr on $65,969 cash. Return on cash invested measures 26.57% in year one, and rental yield stands at 9.52% at a $199,000 entry. Equity gained on principal adds $1,284/yr while 5% annual appreciation compounds into $54,980 by year five. Five-year ROI records 138.49% and total cumulative return in cash reaches $91,362. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,579/mo property income versus a $974/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1942
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: #751112