1264 Hayes RdSpring LakeNC28390
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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 Spring Lake at 1264 Hayes Rd, Spring Lake, NC, 28390 uses $101,439 cash to close to unlock $3,970/yr annual cash flow and $331/mo monthly cash flow. Total monthly income runs $2,196/mo, and a $1,498/mo payment keeps the spread at $331/mo. Purchase price stands at $306,000, and rental yield measures 8.61% with $2,196/mo rent. Return on cash invested shows 23.82% in year one, and 5% annual appreciation builds toward $84,542 over five years. Five-year ROI reaches 123.7% and total cumulative return in cash records $125,484. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,196/mo property income covering a $1,498/mo payment rather than investor’s personal income.
Single Family
Built in 2022
0.86 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28390, Spring Lake, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,066 (100%) |
| Owner Occupied HU | 4,891 (44.2%) |
| Renter Occupied HU | 4,958 (44.8%) |
| Vacant Housing Units | 1,217 (11.0%) |
| Median Home Value | $271,254 |
| Average Home Value | $262,656 |
Housing Distribution
Address Breakdown
Residential
10,417
Single Family
8,619
Multi-Family
1,798
Businesses
619
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Listed by: BENITA KAY • COLDWELL BANKER ADVANTAGE #2- HARNETT CO.
Mls Name: LPRMLS
Mls Provider:
Mls ID: #735430
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.