50 Spruce Hollow CirSpring LakeNC28390
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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 Spring Lake at 50 Spruce Hollow Cir, Spring Lake, NC, 28390 offers a 9.38% rental yield on a $339,900 purchase with $2,657/mo rent. Total monthly income registers $2,657/mo, and a $1,664/mo payment leaves $585/mo available for distribution. Annual cash flow reaches $7,021/yr on $112,677 to close, and return on cash invested stands at 26.14% in year one. Equity gained on principal adds $2,193/yr while 5% annual appreciation supports $93,908 over five years. Portfolio math shows five-year ROI at 136.17% and total cumulative return in cash at $153,431. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,657/mo property income against a $1,664/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2020
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28390, Spring Lake, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,066 (100%) |
| Owner Occupied HU | 4,891 (44.2%) |
| Renter Occupied HU | 4,958 (44.8%) |
| Vacant Housing Units | 1,217 (11.0%) |
| Median Home Value | $271,254 |
| Average Home Value | $262,656 |
Housing Distribution
Address Breakdown
Residential
10,417
Single Family
8,619
Multi-Family
1,798
Businesses
619
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Listed by: DIVIKIA NEWKIRK • KENDRA CONYERS & ASSOCIATES, LLC
Mls Name: LPRMLS
Mls ID: #755548