378 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 378 Mulberry Rd, Spring Hope, NC, 27882 generates $3,444/mo in rent, after a $3,671/mo payment. Total monthly income is $3,444/mo. Return on cash invested sits at 14.58% in year one, and rental yield is 5.51% on a $750,000 entry. Equity gained on principal adds $4,840/yr, while 5% annual appreciation builds toward $207,211 over five years. Five-year ROI reaches 74.09% and total cumulative return in cash sums $182,826. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,444/mo property income rather than buyer’s personal income.
Single Family
Built in 1983
19.27 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: William Maliszewski • Mark Spain Real Estate
Mls Name: Doorify MLS
Mls ID: #10131691