1428 Spring Ridge LnDenverNC28037
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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 Denver at 1428 Spring Ridge Ln, Denver, NC, 28037 priced at $825,000 pairs $3,632/mo rent with after a $4,038/mo payment. Total monthly income equals $3,632/mo. Return on cash invested is 13.89% in year one, and rental yield stands at 5.28% on a $825,000 basis. Equity gained on principal adds $5,324/yr, and 5% annual appreciation accumulates to $227,932 by year five. Five-year ROI measures 70.39% and total cumulative return in cash reaches $191,061. For financing, Ziffy Mortgage’s DSCR program evaluates $3,632/mo property income against a $4,038/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2022
0.08 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28037, Denver, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,589 (100%) |
| Owner Occupied HU | 10,428 (76.7%) |
| Renter Occupied HU | 2,019 (14.9%) |
| Vacant Housing Units | 1,142 ( 8.4%) |
| Median Home Value | $470,635 |
| Average Home Value | $547,465 |
Housing Distribution
Address Breakdown
Residential
13,309
Single Family
12,670
Multi-Family
639
Businesses
1,164
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Listed by: Stephen Pierce • EXP Realty LLC Mooresville
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4289194