2335 Briwig RdSpring 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 2335 Briwig Rd, Spring Hope, NC, 27882 offers a 10.05% rental yield on a $219,900 purchase with $1,841/mo rent. Total monthly income registers $1,841/mo, and a $1,076/mo payment leaves $501/mo available for distribution. Annual cash flow reaches $6,013/yr on $72,897 to close, and return on cash invested stands at 28.16% in year one. Equity gained on principal adds $1,419/yr while 5% annual appreciation supports $60,754 over five years. Portfolio math shows five-year ROI at 147.01% and total cumulative return in cash at $107,164. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,841/mo property income against a $1,076/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1984
0.47 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: Stephanie Anson • Northside Realty Inc.
Mls Name: Doorify MLS
Mls ID: #10134455