215 E Branch StSpring 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 215 E Branch St, Spring Hope, NC, 27882 uses $97,793 cash to close to unlock $1,224/yr annual cash flow and $102/mo monthly cash flow. Total monthly income runs $1,900/mo, and a $1,444/mo payment keeps the spread at $102/mo. Purchase price stands at $295,000, and rental yield measures 7.73% with $1,900/mo rent. Return on cash invested shows 21.16% in year one, and 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 109.41% and total cumulative return in cash records $106,994. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,900/mo property income covering a $1,444/mo payment rather than investor’s personal income.
Single Family
Built in 1962
0.43 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: Jim Allen • Coldwell Banker HPW
Mls Name: Doorify MLS
Mls ID: #10124290