618 Spivey RdHobbsvilleNC27946
Nearby investment properties with comparable rents
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
Rental property for sale in Hobbsville at 618 Spivey Rd, Hobbsville, NC, 27946 offers $2,131/mo rent that, after a $1,268/mo payment, leaves $552/mo cash flow. Total monthly income is $2,131/mo, and annual cash flow is $6,626/yr on $85,859 cash. Return on cash invested measures 27.63% in year one, and rental yield stands at 9.87% at a $259,000 entry. Equity gained on principal adds $1,671/yr while 5% annual appreciation compounds into $71,557 by year five. Five-year ROI records 144.16% and total cumulative return in cash reaches $123,772. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,131/mo property income versus a $1,268/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1952
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27946, Hobbsville, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 433 (100%) |
| Owner Occupied HU | 315 (72.7%) |
| Renter Occupied HU | 60 (13.9%) |
| Vacant Housing Units | 58 (13.4%) |
| Median Home Value | $215,441 |
| Average Home Value | $256,198 |
Housing Distribution
Address Breakdown
Residential
467
Single Family
467
Multi-Family
0
Businesses
13
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Marla McPherson • BHHS RW Towne Realty
Mls Name: REIN Inc.
Mls Provider:
Mls ID: #10566032
Disclaimer: The listings data displayed on this medium comes in part from the Real Estate Information Network, Inc. (REIN) and has been authorized by participating listing Broker Members of REIN for display. REIN's listings are based upon Data submitted by its Broker Members, and REIN therefore makes no representation or warranty regarding the accuracy of the Data. All users of REIN's listings database should confirm the accuracy of the listing information directly with the listing agent. Copyright 2025 REIN. REIN's listings Data and information is protected under federal copyright laws. Federal law prohibits, among other acts, the unauthorized copying or alteration of, or preparation of derivative works from, all or any part of copyrighted materials, including certain compilations of Data and information. COPYRIGHT VIOLATORS MAY BE SUBJECT TO SEVERE FINES AND PENALTIES UNDER FEDERAL LAW. REIN updates its listings on a daily basis. Data last updated: 2025-02-22 00:28:46 PST. Some listings may be duplicated in the search results due to the co-mingling of listings from more than one multiple listing service. Should there be different listing information between the duplicated listings; user is advised to verify the accuracy of the listing information before making any financial decisions. This application does not include information on all of the properties available for sale at this time.