414 S Rowan AveSpencerNC28159
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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 Spencer at 414 S Rowan Ave, Spencer, NC, 28159 offers a 9.29% rental yield on a $199,900 purchase with $1,548/mo rent. Total monthly income registers $1,548/mo, and a $978/mo payment leaves $330/mo available for distribution. Annual cash flow reaches $3,961/yr on $66,267 to close, and return on cash invested stands at 25.89% in year one. Equity gained on principal adds $1,290/yr while 5% annual appreciation supports $55,229 over five years. Portfolio math shows five-year ROI at 134.82% and total cumulative return in cash at $89,341. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,548/mo property income against a $978/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.17 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28159, Spencer, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,419 (100%) |
| Owner Occupied HU | 742 (52.3%) |
| Renter Occupied HU | 502 (35.4%) |
| Vacant Housing Units | 175 (12.3%) |
| Median Home Value | $187,342 |
| Average Home Value | $265,425 |
Housing Distribution
Address Breakdown
Residential
1,297
Single Family
1,289
Multi-Family
8
Businesses
128
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Listed by: Robbie Bentley • Bentley Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4301303