196 Spruce StBadinNC28009
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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 Badin at 196 Spruce St, Badin, NC, 28009 uses $33,150 cash to close to unlock $2,172/yr annual cash flow and $181/mo monthly cash flow. Total monthly income runs $790/mo, and a $489/mo payment keeps the spread at $181/mo. Purchase price stands at $100,000, and rental yield measures 9.48% with $790/mo rent. Return on cash invested shows 26.46% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 137.86% and total cumulative return in cash records $45,700. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $790/mo property income covering a $489/mo payment rather than investor’s personal income.
Townhouse
Built in 1920
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28009, Badin, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 388 (100%) |
| Owner Occupied HU | 235 (60.6%) |
| Renter Occupied HU | 106 (27.3%) |
| Vacant Housing Units | 47 (12.1%) |
| Median Home Value | $185,417 |
| Average Home Value | $193,128 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
44
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Listed by: Janet Wilson-Russell • EXP Realty LLC Ballantyne
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4305214