237 S Spence AveGoldsboroNC27534
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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 Goldsboro at 237 S Spence Ave, Goldsboro, NC, 27534 at $230,000 posts ROI 28.2% with $527/mo cash flow from $1,929/mo rent. Total monthly income equals $1,929/mo, and annual cash flow records $6,324/yr on $76,245 to close. Return on cash invested measures 28.2% and rental yield reads 10.06% at the current $230,000. Equity gained on principal adds $1,484/yr, and 5% annual appreciation supports $63,545 by year five. Five-year ROI prints 147.2% and total cumulative return in cash totals $112,231.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,929/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1976
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27534, Goldsboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,830 (100%) |
| Owner Occupied HU | 7,559 (51.0%) |
| Renter Occupied HU | 5,745 (38.7%) |
| Vacant Housing Units | 1,526 (10.3%) |
| Median Home Value | $234,896 |
| Average Home Value | $255,865 |
Housing Distribution
Address Breakdown
Residential
15,246
Single Family
13,036
Multi-Family
2,210
Businesses
1,207
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Listed by: Mark Rini • Mark Spain Real Estate
Mls Name: Doorify MLS
Mls ID: #10129774