1600 Easterling DrSpring LakeNC28390
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
Investment property for sale in Spring Lake at 1600 Easterling Dr, Spring Lake, NC, 28390 offers a 1.32% rental yield on a $1,308,127 purchase with $1,434/mo rent. 86% in year one. Equity gained on principal adds $8,441/yr while 5% annual appreciation supports $361,411 over five years. Portfolio math shows five-year ROI at 5.82% and total cumulative return in cash at $24,659. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,434/mo property income against a $6,403/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1937
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28390, Spring Lake, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,066 (100%) |
| Owner Occupied HU | 4,891 (44.2%) |
| Renter Occupied HU | 4,958 (44.8%) |
| Vacant Housing Units | 1,217 (11.0%) |
| Median Home Value | $271,254 |
| Average Home Value | $262,656 |
Housing Distribution
Address Breakdown
Residential
10,417
Single Family
8,619
Multi-Family
1,798
Businesses
619
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: EMELIA NOA • THE ENTENTE REAL ESTATE GROUP
Mls Name: LPRMLS
Mls ID: #751129