6273 Nicole RdSpring HopeNC27882
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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 Spring Hope at 6273 Nicole Rd, Spring Hope, NC, 27882 uses $82,875 cash to close to unlock $11,424/yr annual cash flow and $952/mo monthly cash flow. Total monthly income runs $2,476/mo, and a $1,224/mo payment keeps the spread at $952/mo. Purchase price stands at $250,000, and rental yield measures 11.88% with $2,476/mo rent. Return on cash invested shows 33.69% in year one, and 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 176.62% and total cumulative return in cash records $146,374. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,476/mo property income covering a $1,224/mo payment rather than investor’s personal income.
Manufactured
Built in 2007
0.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27882, Spring Hope, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,612 (100%) |
| Owner Occupied HU | 2,273 (62.9%) |
| Renter Occupied HU | 909 (25.2%) |
| Vacant Housing Units | 430 (11.9%) |
| Median Home Value | $232,500 |
| Average Home Value | $272,079 |
Housing Distribution
Address Breakdown
Residential
3,299
Single Family
3,299
Multi-Family
0
Businesses
191
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Listed by: Alyssa Grace Upchurch • Southern Realty Group Inc.
Mls Name: Doorify MLS
Mls ID: #10122950