2720 Edwards AveSpring 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 2720 Edwards Ave, Spring Lake, NC, 28390 earns $485/mo cash flow from $1,582/mo rent with a $881/mo payment. Total monthly income totals $1,582/mo, and annual cash flow totals $5,820/yr on $59,670 capital. ROI tracks 29.66% on current figures, and rental yield reads 10.55% at a $180,000 purchase. Equity gained on principal adds $1,162/yr, and 5% annual appreciation supports $49,731 over five years. Five-year ROI reaches 155% and total cumulative return in cash sums $92,489. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,582/mo property income instead of your personal income.
Single Family
Built in 1964
0.31 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: MIA HISHAM HASSANI • NOVUS REALTY GROUP, INC.
Mls Name: LPRMLS
Mls ID: #752828