583 Belle Meadow LnLaurel SpringsNC28649
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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
Rental property for sale in Laurel Springs at 583 Belle Meadow Ln, Laurel Springs, NC, 28649 priced at $398,000 converts $0/mo rent into after a $1,948/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -2.15% in year one, and rental yield reads 0% against a $398,000 entry. Equity gained on principal adds $2,568/yr, while 5% annual appreciation compiles into $109,960 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $1,948/mo payment, not borrower’s personal income.
Single Family
Built in 1998
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28649, Mc Grady, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 442 (100%) |
| Owner Occupied HU | 307 (69.5%) |
| Renter Occupied HU | 77 (17.4%) |
| Vacant Housing Units | 58 (13.1%) |
| Median Home Value | $216,176 |
| Average Home Value | $253,404 |
Housing Distribution
Address Breakdown
Residential
348
Single Family
348
Multi-Family
0
Businesses
5
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No similar rental properties found nearby.
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Listed by: Mike Martinez • North Carolina Mountain Investments, LLC
Mls Name: Triad MLS
Mls ID: #1187221