349 Appaloosa DrSpring LakeNC28390
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Lake at 349 Appaloosa Dr, Spring Lake, NC, 28390 priced at $276,900 pairs $1,790/mo rent with $103/mo cash flow after a $1,355/mo payment. Total monthly income equals $1,790/mo, and annual cash flow comes to $1,233/yr on $91,792 invested. Return on cash invested is 21.25% in year one, and rental yield stands at 7.76% on a $276,900 basis. Equity gained on principal adds $1,787/yr, and 5% annual appreciation accumulates to $76,502 by year five. Five-year ROI measures 109.93% and total cumulative return in cash reaches $100,903. For financing, Ziffy Mortgage’s DSCR program evaluates $1,790/mo property income against a $1,355/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2026
0.29 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: JAMES "ALEX" MCFADYEN • COLDWELL BANKER ADVANTAGE - FAYETTEVILLE
Mls Name: LPRMLS
Mls ID: #756319