623 S Squires Run LaneRichlandsNC28574
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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 Richlands at 623 S Squires Run Lane, Richlands, NC, 28574 offers a 6.47% rental yield on a $356,060 purchase with $1,920/mo rent. 36% in year one. Equity gained on principal adds $2,298/yr while 5% annual appreciation supports $98,373 over five years. Portfolio math shows five-year ROI at 89.08% and total cumulative return in cash at $105,140. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,920/mo property income against a $1,743/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28574, Richlands, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,158 (100%) |
| Owner Occupied HU | 5,572 (68.3%) |
| Renter Occupied HU | 1,722 (21.1%) |
| Vacant Housing Units | 864 (10.6%) |
| Median Home Value | $235,409 |
| Average Home Value | $266,109 |
Housing Distribution
Address Breakdown
Residential
7,543
Single Family
7,518
Multi-Family
25
Businesses
293
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Listed by: Alex C Furstenberg • Dream Finders Realty LLC
Mls Name: Hive MLS
Mls ID: #100546266