210 N Rowan AveSpencerNC28159
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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
Rental property for sale in Spencer at 210 N Rowan Ave, Spencer, NC, 28159 priced at $439,000 pairs $2,395/mo rent with after a $2,149/mo payment. Total monthly income equals $2,395/mo. Return on cash invested is 17.59% in year one, and rental yield stands at 6.55% on a $439,000 basis. Equity gained on principal adds $2,833/yr, and 5% annual appreciation accumulates to $121,288 by year five. Five-year ROI measures 90.32% and total cumulative return in cash reaches $131,444. For financing, Ziffy Mortgage’s DSCR program evaluates $2,395/mo property income against a $2,149/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
0.74 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28159, Spencer, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,419 (100%) |
| Owner Occupied HU | 742 (52.3%) |
| Renter Occupied HU | 502 (35.4%) |
| Vacant Housing Units | 175 (12.3%) |
| Median Home Value | $187,342 |
| Average Home Value | $265,425 |
Housing Distribution
Address Breakdown
Residential
1,297
Single Family
1,289
Multi-Family
8
Businesses
128
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Listed by: N/A • N/A
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