118 Malloy StRed SpringsNC28377
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 Red Springs at 118 Malloy St, Red Springs, NC, 28377 offers $1,711/mo rent that, after a $859/mo payment, leaves $641/mo cash flow. Total monthly income is $1,711/mo, and annual cash flow is $7,695/yr on $58,211 cash. Return on cash invested measures 33.13% in year one, and rental yield stands at 11.69% at a $175,599 entry. Equity gained on principal adds $1,133/yr while 5% annual appreciation compounds into $48,515 by year five. Five-year ROI records 173.66% and total cumulative return in cash reaches $101,091. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,711/mo property income versus a $859/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1985
0.42 Acres 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: Tess LeGrand • EXP Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4242436