402 S Spargo StDallasNC28034
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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 Dallas at 402 S Spargo St, Dallas, NC, 28034 with 5% annual appreciation on a $287,850 basis while $2,653/mo rent supports operations. Total monthly income totals $2,653/mo and a $1,409/mo payment preserves $899/mo for cash returns. Annual cash flow comes to $10,783/yr on $95,422 deployed, and return on cash invested reaches 31.21% in year one. Equity gained on principal adds $1,857/yr, and five-year appreciation sums $79,528 alongside rental yield of 11.06%. Five-year ROI measures 163.32% and total cumulative return in cash totals $155,845.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,653/mo property income versus a $1,409/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2025
0.15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28034, Dallas, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,751 (100%) |
| Owner Occupied HU | 5,909 (67.5%) |
| Renter Occupied HU | 2,315 (26.5%) |
| Vacant Housing Units | 527 ( 6.0%) |
| Median Home Value | $279,675 |
| Average Home Value | $318,208 |
Housing Distribution
Address Breakdown
Residential
8,074
Single Family
7,784
Multi-Family
290
Businesses
495
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Listed by: Tim Harrell • Redwood Realty Group LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4329848