134 Denny RdRed 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
Rental property for sale in Red Springs at 134 Denny Rd, Red Springs, NC, 28377 priced at $150,000 converts $1,128/mo rent into $214/mo cash flow after a $734/mo obligation. Total monthly income equals $1,128/mo, and annual cash flow totals $2,568/yr on $49,725 invested. Return on cash invested prints 25.07% in year one, and rental yield reads 9.02% against a $150,000 entry. Equity gained on principal adds $968/yr, while 5% annual appreciation compiles into $41,442 by year five. Five-year ROI reaches 130.38% and total cumulative return in cash sums $64,830. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,128/mo property income covering a $734/mo payment, not borrower’s personal income.
Manufactured
Built in 2017
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: TAYLOR HARRIS • EXP REALTY LLC
Mls Name: LPRMLS
Mls ID: #751323