1360 Honeycutt RdWillow SpringNC27592
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
Rental property for sale in Willow Spring at 1360 Honeycutt Rd, Willow Spring, NC, 27592 priced at $278,000 converts $2,182/mo rent into $487/mo cash flow after a $1,361/mo obligation. Total monthly income equals $2,182/mo, and annual cash flow totals $5,849/yr on $92,157 invested. Return on cash invested prints 26.26% in year one, and rental yield reads 9.42% against a $278,000 entry. Equity gained on principal adds $1,794/yr, while 5% annual appreciation compiles into $76,806 by year five. Five-year ROI reaches 136.77% and total cumulative return in cash sums $126,041. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,182/mo property income covering a $1,361/mo payment, not borrower’s personal income.
Single Family
Built in 1997
1.21 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27592, Willow Spring, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,263 (100%) |
| Owner Occupied HU | 6,096 (83.9%) |
| Renter Occupied HU | 987 (13.6%) |
| Vacant Housing Units | 180 ( 2.5%) |
| Median Home Value | $414,593 |
| Average Home Value | $461,574 |
Housing Distribution
Address Breakdown
Residential
7,214
Single Family
7,214
Multi-Family
0
Businesses
191
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Listed by: Julie Crespo • The Property Gallery Realty
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10097134
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.