512 Spindale StSpindaleNC28160
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Nearby investment properties with comparable prices
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 512 Spindale St, Spindale, NC, 28160 offers a 9.78% rental yield on a $179,900 purchase with $1,466/mo rent. Total monthly income registers $1,466/mo, and a $881/mo payment leaves $369/mo available for distribution. Annual cash flow reaches $4,429/yr on $59,637 to close, and return on cash invested stands at 27.34% in year one. Equity gained on principal adds $1,161/yr while 5% annual appreciation supports $49,703 over five years. Portfolio math shows five-year ROI at 142.6% and total cumulative return in cash at $85,041. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,466/mo property income against a $881/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1921
0.18 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: #4316689