3817 Spike LnValeNC28168
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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
Investment property for sale in Vale at 3817 Spike Ln, Vale, NC, 28168 offers a 7.37% rental yield on a $325,000 purchase with $1,997/mo rent. Total monthly income registers $1,997/mo, and a $1,591/mo payment leaves $16/mo available for distribution. Annual cash flow reaches $192/yr on $107,738 to close, and return on cash invested stands at 20.09% in year one. Equity gained on principal adds $2,097/yr while 5% annual appreciation supports $89,792 over five years. Portfolio math shows five-year ROI at 103.66% and total cumulative return in cash at $111,685. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,997/mo property income against a $1,591/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
0.79 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28168, Vale, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,571 (100%) |
| Owner Occupied HU | 3,374 (73.8%) |
| Renter Occupied HU | 784 (17.2%) |
| Vacant Housing Units | 413 ( 9.0%) |
| Median Home Value | $256,948 |
| Average Home Value | $307,163 |
Housing Distribution
Address Breakdown
Residential
4,358
Single Family
4,358
Multi-Family
0
Businesses
134
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Listed by: Tina Clark • Century 21 Town & Country Rlty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4285532