303 Spring StLouisburgNC27549
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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
Rental property for sale in Louisburg at 303 Spring St, Louisburg, NC, 27549 priced at $287,000 converts $2,146/mo rent into $397/mo cash flow after a $1,405/mo obligation. Total monthly income equals $2,146/mo, and annual cash flow totals $4,759/yr on $95,141 invested. Return on cash invested prints 24.91% in year one, and rental yield reads 8.97% against a $287,000 entry. Equity gained on principal adds $1,852/yr, while 5% annual appreciation compiles into $79,293 by year five. Five-year ROI reaches 129.56% and total cumulative return in cash sums $123,262. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,146/mo property income covering a $1,405/mo payment, not borrower’s personal income.
Single Family
Built in 1982
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27549, Louisburg, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,073 (100%) |
| Owner Occupied HU | 7,614 (63.1%) |
| Renter Occupied HU | 2,541 (21.0%) |
| Vacant Housing Units | 1,918 (15.9%) |
| Median Home Value | $279,790 |
| Average Home Value | $304,022 |
Housing Distribution
Address Breakdown
Residential
10,498
Single Family
8,680
Multi-Family
1,818
Businesses
646
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Listed by: Connie Jean Guckavan • Raynor Realty powered by Real
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10100794
Disclaimer: The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS. Copyright 2025 Doorify MLS of North Carolina. All rights reserved.