3256 N Old Franklin RdSpring HopeNC27882
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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 Spring Hope at 3256 N Old Franklin Rd, Spring Hope, NC, 27882 offers $1,906/mo rent that, after a $1,757/mo payment. Total monthly income is $1,906/mo. Return on cash invested measures 17.07% in year one, and rental yield stands at 6.37% at a $359,000 entry. Equity gained on principal adds $2,317/yr while 5% annual appreciation compounds into $99,185 by year five. Five-year ROI records 87.51% and total cumulative return in cash reaches $104,143. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,906/mo property income versus a $1,757/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1986
5.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27882, Spring Hope, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,612 (100%) |
| Owner Occupied HU | 2,273 (62.9%) |
| Renter Occupied HU | 909 (25.2%) |
| Vacant Housing Units | 430 (11.9%) |
| Median Home Value | $232,500 |
| Average Home Value | $272,079 |
Housing Distribution
Address Breakdown
Residential
3,299
Single Family
3,299
Multi-Family
0
Businesses
191
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Listed by: Angie Cole • LPT Realty LLC
Mls Name: Doorify MLS
Mls ID: #10132679