120 Allen AveRed 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
Investment property for sale in Red Springs at 120 Allen Ave, Red Springs, NC, 28377 at $118,000 posts ROI 26.21% with $205/mo cash flow from $925/mo rent. Total monthly income equals $925/mo, and annual cash flow records $2,465/yr on $39,117 to close. Return on cash invested measures 26.21% and rental yield reads 9.41% at the current $118,000. Equity gained on principal adds $761/yr, and 5% annual appreciation supports $32,601 by year five. Five-year ROI prints 136.58% and total cumulative return in cash totals $53,427.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $925/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1946
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: AMANDA STONE • RE/MAX CHOICE
Mls Name: LPRMLS
Mls ID: #739562