119 S Spray StHaw RiverNC27258
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 Haw River at 119 S Spray St, Haw River, NC, 27258 uses $64,477 cash to close to unlock $3,247/yr annual cash flow and $271/mo monthly cash flow. Total monthly income runs $1,456/mo, and a $952/mo payment keeps the spread at $271/mo. Purchase price stands at $194,500, and rental yield measures 8.98% with $1,456/mo rent. Return on cash invested shows 24.95% in year one, and 5% annual appreciation builds toward $53,737 over five years. Five-year ROI reaches 129.75% and total cumulative return in cash records $83,661. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,456/mo property income covering a $952/mo payment rather than investor’s personal income.
Single Family
Built in 1954
0.14 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27258, Haw River, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,392 (100%) |
| Owner Occupied HU | 2,517 (74.2%) |
| Renter Occupied HU | 647 (19.1%) |
| Vacant Housing Units | 228 ( 6.7%) |
| Median Home Value | $308,799 |
| Average Home Value | $311,872 |
Housing Distribution
Address Breakdown
Residential
3,258
Single Family
3,258
Multi-Family
0
Businesses
149
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Chelsea Boggs • Delta Lane Realty
Mls Name: Triad MLS
Mls ID: #1196895