408 W Spruce StreetGoldsboroNC27530
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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 Goldsboro at 408 W Spruce Street, Goldsboro, NC, 27530 with 5% annual appreciation on a $129,900 basis while $992/mo rent supports operations. Total monthly income totals $992/mo and a $636/mo payment preserves $200/mo for cash returns. Annual cash flow comes to $2,401/yr on $43,062 deployed, and return on cash invested reaches 25.49% in year one. Equity gained on principal adds $838/yr, and five-year appreciation sums $35,889 alongside rental yield of 9.16%. Five-year ROI measures 132.75% and total cumulative return in cash totals $57,163.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $992/mo property income versus a $636/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 2000
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27530, Goldsboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,304 (100%) |
| Owner Occupied HU | 8,691 (50.2%) |
| Renter Occupied HU | 6,048 (35.0%) |
| Vacant Housing Units | 2,565 (14.8%) |
| Median Home Value | $225,861 |
| Average Home Value | $238,658 |
Housing Distribution
Address Breakdown
Residential
16,322
Single Family
16,165
Multi-Family
157
Businesses
1,241
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Listed by: Patrick Nunn • Seymour Homes Realty
Mls Name: Hive MLS
Mls ID: #100529497