177 Gladiola 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
Investment property for sale in Spring Lake at 177 Gladiola Dr, Spring Lake, NC, 28390 earns $250/mo cash flow from $1,585/mo rent with a $1,072/mo payment. Total monthly income totals $1,585/mo, and annual cash flow totals $3,002/yr on $72,599 capital. ROI tracks 24.04% on current figures, and rental yield reads 8.68% at a $219,000 purchase. Equity gained on principal adds $1,413/yr, and 5% annual appreciation supports $60,506 over five years. Five-year ROI reaches 124.94% and total cumulative return in cash sums $90,705. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,585/mo property income instead of your personal income.
Single Family
Built in 1970
0.26 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: FELICIA FIELDS • AT HOME REALTY
Mls Name: LPRMLS
Mls Provider:
Mls ID: #745029
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.