416 Oakland RdSpindaleNC28160
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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
Total monthly income runs $1,525/mo, and a $1,419/mo payment. Purchase price stands at $290,000, and rental yield measures 6.31% with $1,525/mo rent. Return on cash invested shows 16.89% in year one, and 5% annual appreciation builds toward $80,122 over five years. Five-year ROI reaches 86.51% and total cumulative return in cash records $83,164. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,525/mo property income covering a $1,419/mo payment rather than investor’s personal income.
Single Family
Built in 1919
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28160, Spindale, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,722 (100%) |
| Owner Occupied HU | 937 (54.4%) |
| Renter Occupied HU | 588 (34.1%) |
| Vacant Housing Units | 197 (11.4%) |
| Median Home Value | $151,008 |
| Average Home Value | $165,173 |
Housing Distribution
Address Breakdown
Residential
1,719
Single Family
1,696
Multi-Family
23
Businesses
263
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Listed by: Giancarlo Jimeno • Power Source Real Estate, Inc.
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4322405