1580 Arthur 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
Investment property for sale in Red Springs at 1580 Arthur Rd, Red Springs, NC, 28377 uses $38,786 cash to close to unlock $2,020/yr annual cash flow and $168/mo monthly cash flow. Total monthly income runs $892/mo, and a $573/mo payment keeps the spread at $168/mo. Purchase price stands at $117,000, and rental yield measures 9.15% with $892/mo rent. Return on cash invested shows 25.12% in year one, and 5% annual appreciation builds toward $32,325 over five years. Five-year ROI reaches 130.88% and total cumulative return in cash records $50,761. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $892/mo property income covering a $573/mo payment rather than investor’s personal income.
Single Family
Built in 1984
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: JUANITA SMITH • VYLLA HOME
Mls Name: LPRMLS
Mls Provider:
Mls ID: #745438
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.