1355 Sykes RdSpring HopeNC27882
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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
Total monthly income runs $1,346/mo, and a $1,884/mo payment. Purchase price stands at $385,000, and rental yield measures 4.2% with $1,346/mo rent. Return on cash invested shows 10.51% in year one, and 5% annual appreciation builds toward $106,368 over five years. Five-year ROI reaches 52.29% and total cumulative return in cash records $66,730. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,346/mo property income covering a $1,884/mo payment rather than investor’s personal income.
Manufactured
Built in 2000
15.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27882, Spring Hope, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,612 (100%) |
| Owner Occupied HU | 2,273 (62.9%) |
| Renter Occupied HU | 909 (25.2%) |
| Vacant Housing Units | 430 (11.9%) |
| Median Home Value | $232,500 |
| Average Home Value | $272,079 |
Housing Distribution
Address Breakdown
Residential
3,299
Single Family
3,299
Multi-Family
0
Businesses
191
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Listed by: Christopher Edward Mink • Allen Tate/ Lake Royale
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10101679
Disclaimer: The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS. Copyright 2025 Doorify MLS of North Carolina. All rights reserved.