309 Springwood AveGibsonvilleNC27249
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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 Gibsonville at 309 Springwood Ave, Gibsonville, NC, 27249 generates $3,400/mo in rent and, after a $2,299/mo payment, leaves $537/mo in cash flow. Total monthly income is $3,400/mo, and annual cash flow is $6,448/yr on $155,706 invested. Return on cash invested sits at 24.05% in year one, and rental yield is 8.69% on a $469,700 entry. Equity gained on principal adds $3,031/yr, while 5% annual appreciation builds toward $129,769 over five years. Five-year ROI reaches 124.94% and total cumulative return in cash sums $194,543. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,400/mo property income rather than buyer’s personal income.
Single Family
Built in 1958
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27249, Gibsonville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,169 (100%) |
| Owner Occupied HU | 4,659 (75.5%) |
| Renter Occupied HU | 1,163 (18.9%) |
| Vacant Housing Units | 347 ( 5.6%) |
| Median Home Value | $301,072 |
| Average Home Value | $313,310 |
Housing Distribution
Address Breakdown
Residential
5,931
Single Family
5,931
Multi-Family
0
Businesses
239
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