3229 McQueen RdRed SpringsNC28377
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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 Red Springs at 3229 McQueen Rd, Red Springs, NC, 28377 with 5% annual appreciation on a $380,000 basis while $1,463/mo rent supports operations. 78% in year one. Equity gained on principal adds $2,452/yr, and five-year appreciation sums $104,987 alongside rental yield of 4.62%. Five-year ROI measures 59.13% and total cumulative return in cash totals $74,485. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,463/mo property income versus a $1,860/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2000
14.90 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28377, Red Springs, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,642 (100%) |
| Owner Occupied HU | 2,818 (60.7%) |
| Renter Occupied HU | 1,390 (29.9%) |
| Vacant Housing Units | 434 ( 9.3%) |
| Median Home Value | $115,417 |
| Average Home Value | $150,295 |
Housing Distribution
Address Breakdown
Residential
4,418
Single Family
4,312
Multi-Family
106
Businesses
280
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Listed by: JOHN DOWDY III • BHHS ALL AMERICAN HOMES #2
Mls Name: LPRMLS
Mls Provider:
Mls ID: #743522
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.