115 Stamey DrHot SpringsNC28743
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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 Hot Springs at 115 Stamey Dr, Hot Springs, NC, 28743 offers a 9.48% rental yield on a $192,000 purchase with $1,517/mo rent. Total monthly income registers $1,517/mo, and a $940/mo payment leaves $347/mo available for distribution. Annual cash flow reaches $4,159/yr on $63,648 to close, and return on cash invested stands at 26.44% in year one. Equity gained on principal adds $1,239/yr while 5% annual appreciation supports $53,046 over five years. Portfolio math shows five-year ROI at 137.79% and total cumulative return in cash at $87,700. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,517/mo property income against a $940/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2011
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28743, Hot Springs, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,447 (100%) |
| Owner Occupied HU | 758 (52.4%) |
| Renter Occupied HU | 230 (15.9%) |
| Vacant Housing Units | 459 (31.7%) |
| Median Home Value | $215,909 |
| Average Home Value | $249,667 |
Housing Distribution
Address Breakdown
Residential
1,048
Single Family
1,048
Multi-Family
0
Businesses
142
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