240 Rock Harbor LnSpring LakeNC28390
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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 Lake at 240 Rock Harbor Ln, Spring Lake, NC, 28390 earns $505/mo cash flow from $1,876/mo rent with a $1,101/mo payment. Total monthly income totals $1,876/mo, and annual cash flow totals $6,061/yr on $74,554 capital. ROI tracks 28.04% on current figures, and rental yield reads 10.01% at a $224,900 purchase. Equity gained on principal adds $1,451/yr, and 5% annual appreciation supports $62,136 over five years. Five-year ROI reaches 146.39% and total cumulative return in cash sums $109,141. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,876/mo property income instead of your personal income.
Single Family
Built in 1999
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28390, Spring Lake, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,066 (100%) |
| Owner Occupied HU | 4,891 (44.2%) |
| Renter Occupied HU | 4,958 (44.8%) |
| Vacant Housing Units | 1,217 (11.0%) |
| Median Home Value | $271,254 |
| Average Home Value | $262,656 |
Housing Distribution
Address Breakdown
Residential
10,417
Single Family
8,619
Multi-Family
1,798
Businesses
619
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Listed by: ESSENCE REALTY GROUP POWERED BY REAL BROKER, LLC • REAL BROKER LLC
Mls Name: LPRMLS
Mls ID: #754422