166 California StSpindaleNC28160
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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 Spindale at 166 California St, Spindale, NC, 28160 uses $56,322 cash to close to unlock $2,545/yr annual cash flow and $212/mo monthly cash flow. Total monthly income runs $1,248/mo, and a $832/mo payment keeps the spread at $212/mo. Purchase price stands at $169,900, and rental yield measures 8.81% with $1,248/mo rent. Return on cash invested shows 24.43% in year one, and 5% annual appreciation builds toward $46,940 over five years. Five-year ROI reaches 127.05% and total cumulative return in cash records $71,558. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,248/mo property income covering a $832/mo payment rather than investor’s personal income.
Single Family
Built in 1961
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28160, Spindale, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,722 (100%) |
| Owner Occupied HU | 937 (54.4%) |
| Renter Occupied HU | 588 (34.1%) |
| Vacant Housing Units | 197 (11.4%) |
| Median Home Value | $151,008 |
| Average Home Value | $165,173 |
Housing Distribution
Address Breakdown
Residential
1,719
Single Family
1,696
Multi-Family
23
Businesses
263
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Listed by: Ronnie Porter • Porter's Real Estate
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4285557