363 Mulberry 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 363 Mulberry Rd, Spring Hope, NC, 27882 priced at $489,900 converts $2,813/mo rent into after a $2,398/mo obligation. Total monthly income equals $2,813/mo. Return on cash invested prints 18.63% in year one, and rental yield reads 6.89% against a $489,900 entry. Equity gained on principal adds $3,161/yr, while 5% annual appreciation compiles into $135,350 by year five. Five-year ROI reaches 95.88% and total cumulative return in cash sums $155,717. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,813/mo property income covering a $2,398/mo payment, not borrower’s personal income.
Single Family
Built in 2020
1.02 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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Nearby investment properties with comparable prices
Listed by: Kelly Straughn • Five County Specialists, LLC
Mls Name: Doorify MLS
Mls ID: #10140224