204 S Glenwood TrlSouthern PinesNC28387
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in Southern Pines at 204 S Glenwood Trl, Southern Pines, NC, 28387 priced at $420,999 converts $3,097/mo rent into $528/mo cash flow after a $2,061/mo obligation. Total monthly income equals $3,097/mo, and annual cash flow totals $6,340/yr on $139,561 invested. Return on cash invested prints 24.45% in year one, and rental yield reads 8.83% against a $420,999 entry. Equity gained on principal adds $2,717/yr, while 5% annual appreciation compiles into $116,314 by year five. Five-year ROI reaches 127.11% and total cumulative return in cash sums $177,393. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,097/mo property income covering a $2,061/mo payment, not borrower’s personal income.
Single Family
Built in 1966
0.96 Acres lot
$N/A/sqft
$30 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: COREY TURNER • NORTHGROUP REAL ESTATE
Mls Name: LPRMLS
Mls Provider:
Mls ID: #734983
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.