512 2nd StSpencerNC28159
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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 512 2nd St, Spencer, NC, 28159 earns $300/mo cash flow from $1,245/mo rent with a $759/mo payment. Total monthly income totals $1,245/mo, and annual cash flow totals $3,600/yr on $51,383 capital. ROI tracks 26.92% on current figures, and rental yield reads 9.64% at a $155,000 purchase. Equity gained on principal adds $1,000/yr, and 5% annual appreciation supports $42,824 over five years. Five-year ROI reaches 140.3% and total cumulative return in cash sums $72,088. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,245/mo property income instead of your personal income.
Single Family
Built in 1904
0.33 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: Robin Saine • Main Realty LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4323210