2635 Sprouse RdBoonvilleNC27011
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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 Boonville at 2635 Sprouse Rd, Boonville, NC, 27011 earns from $960/mo rent with a $1,957/mo payment. Total monthly income totals $960/mo. ROI tracks 6.54% on current figures, and rental yield reads 2.88% at a $399,900 purchase. Equity gained on principal adds $2,580/yr, and 5% annual appreciation supports $110,485 over five years. Five-year ROI reaches 31.05% and total cumulative return in cash sums $41,168. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $960/mo property income instead of your personal income.
Single Family
Built in 1907
9.65 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27011, Boonville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,593 (100%) |
| Owner Occupied HU | 1,812 (69.9%) |
| Renter Occupied HU | 553 (21.3%) |
| Vacant Housing Units | 228 ( 8.8%) |
| Median Home Value | $184,218 |
| Average Home Value | $208,744 |
Housing Distribution
Address Breakdown
Residential
2,180
Single Family
2,152
Multi-Family
28
Businesses
105
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Listed by: Jeffrey Nicholson • NorthGroup Real Estate
Mls Name: Triad MLS
Mls ID: #1187398