165 Cobblestone DrSpring LakeNC28390
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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 Spring Lake at 165 Cobblestone Dr, Spring Lake, NC, 28390 offers $2,362/mo rent that, after a $1,395/mo payment, leaves $625/mo cash flow. Total monthly income is $2,362/mo, and annual cash flow is $7,500/yr on $94,478 cash. Return on cash invested measures 27.85% in year one, and rental yield stands at 9.95% at a $285,000 entry. Equity gained on principal adds $1,839/yr while 5% annual appreciation compounds into $78,740 by year five. Five-year ROI records 145.27% and total cumulative return in cash reaches $137,250. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,362/mo property income versus a $1,395/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
0.33 Acres 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
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Listed by: Joe Kendrick • USREALTY.com LLP
Mls Name: Doorify MLS
Mls ID: #10134639