506 Pleasant StSpindaleNC28160
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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 Spindale at 506 Pleasant St, Spindale, NC, 28160 earns $10/mo cash flow from $1,991/mo rent with a $1,591/mo payment. Total monthly income totals $1,991/mo, and annual cash flow totals $120/yr on $107,738 capital. ROI tracks 20.02% on current figures, and rental yield reads 7.35% at a $325,000 purchase. Equity gained on principal adds $2,097/yr, and 5% annual appreciation supports $89,792 over five years. Five-year ROI reaches 103.31% and total cumulative return in cash sums $111,301. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,991/mo property income instead of your personal income.
Single Family
Built in 1995
0.36 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: Barbara Keever • Odean Keever & Associates, Inc.
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4318654