1162 Spindale StSpindaleNC28160
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
Investment property for sale in Spindale at 1162 Spindale St, Spindale, NC, 28160 uses $82,875 cash to close to unlock $4,908/yr annual cash flow and $409/mo monthly cash flow. Total monthly income runs $1,933/mo, and a $1,224/mo payment keeps the spread at $409/mo. Purchase price stands at $250,000, and rental yield measures 9.28% with $1,933/mo rent. Return on cash invested shows 25.83% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 134.47% and total cumulative return in cash records $111,442. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,933/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Single Family
Built in 1949
1.98 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28160, Spindale, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,722 (100%) |
| Owner Occupied HU | 937 (54.4%) |
| Renter Occupied HU | 588 (34.1%) |
| Vacant Housing Units | 197 (11.4%) |
| Median Home Value | $151,008 |
| Average Home Value | $165,173 |
Housing Distribution
Address Breakdown
Residential
1,719
Single Family
1,696
Multi-Family
23
Businesses
263
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A