207 Hopkins AveSpring HopeNC27882
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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 Hope at 207 Hopkins Ave, Spring Hope, NC, 27882 earns $425/mo cash flow from $2,546/mo rent with a $1,703/mo payment. Total monthly income totals $2,546/mo, and annual cash flow totals $5,105/yr on $115,362 capital. ROI tracks 24.33% on current figures, and rental yield reads 8.78% at a $348,000 purchase. Equity gained on principal adds $2,246/yr, and 5% annual appreciation supports $96,146 over five years. Five-year ROI reaches 126.47% and total cumulative return in cash sums $145,894. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,546/mo property income instead of your personal income.
Single Family
Built in 2002
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27882, Spring Hope, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,612 (100%) |
| Owner Occupied HU | 2,273 (62.9%) |
| Renter Occupied HU | 909 (25.2%) |
| Vacant Housing Units | 430 (11.9%) |
| Median Home Value | $232,500 |
| Average Home Value | $272,079 |
Housing Distribution
Address Breakdown
Residential
3,299
Single Family
3,299
Multi-Family
0
Businesses
191
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Listed by: Kathy McIntyre • Pittman & Associates
Mls Name: Doorify MLS
Mls ID: #10119600