35 Sedgefield LnSpring LakeNC28390
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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 Lake at 35 Sedgefield Ln, Spring Lake, NC, 28390 offers $2,574/mo rent that, after a $1,826/mo payment, leaves $300/mo cash flow. Total monthly income is $2,574/mo, and annual cash flow is $3,605/yr on $123,650 cash. Return on cash invested measures 22.82% in year one, and rental yield stands at 8.28% at a $373,000 entry. Equity gained on principal adds $2,407/yr while 5% annual appreciation compounds into $103,053 by year five. Five-year ROI records 118.37% and total cumulative return in cash reaches $146,363. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,574/mo property income versus a $1,826/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2009
N/A 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
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Listed by: MAUREEN VARGAS • KELLER WILLIAMS REALTY (FAYETTEVILLE)
Mls Name: LPRMLS
Mls ID: #747451