171 Center 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 171 Center St, Spindale, NC, 28160 at $298,000 posts ROI 15.33% with from $1,440/mo rent. Total monthly income equals $1,440/mo. Return on cash invested measures 15.33% and rental yield reads 5.8% at the current $298,000. Equity gained on principal adds $1,923/yr, and 5% annual appreciation supports $82,332 by year five. Five-year ROI prints 78.21% and total cumulative return in cash totals $77,264. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,440/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1938
0.71 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: Deedie Dedmon • RE/MAX Select
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4335433