183 Hallow Oak StSpring 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 183 Hallow Oak St, Spring Lake, NC, 28390 offers a 7.75% rental yield on a $310,000 purchase with $2,003/mo rent. Total monthly income registers $2,003/mo, and a $1,517/mo payment leaves $96/mo available for distribution. Annual cash flow reaches $1,148/yr on $102,765 to close, and return on cash invested stands at 21.03% in year one. Equity gained on principal adds $2,000/yr while 5% annual appreciation supports $85,647 over five years. Portfolio math shows five-year ROI at 108.79% and total cumulative return in cash at $111,799. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,003/mo property income against a $1,517/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2018
7,840 sqft lot
$N/A/sqft
$220 annually 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: LISA PURSLEY • PURSLEY PROPERTIES GROUP, LLC
Mls Name: LPRMLS
Mls Provider:
Mls ID: #741118
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.