628 S Hilltop RdRed SpringsNC28377
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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 Red Springs at 628 S Hilltop Rd, Red Springs, NC, 28377 generates $2,040/mo in rent and, after a $1,224/mo payment, leaves $516/mo in cash flow. Total monthly income is $2,040/mo, and annual cash flow is $6,192/yr on $82,875 invested. Return on cash invested sits at 27.38% in year one, and rental yield is 9.79% on a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation builds toward $69,070 over five years. Five-year ROI reaches 142.77% and total cumulative return in cash sums $118,318. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,040/mo property income rather than buyer’s personal income.
Manufactured
Built in 2018
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28377, Red Springs, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,642 (100%) |
| Owner Occupied HU | 2,818 (60.7%) |
| Renter Occupied HU | 1,390 (29.9%) |
| Vacant Housing Units | 434 ( 9.3%) |
| Median Home Value | $115,417 |
| Average Home Value | $150,295 |
Housing Distribution
Address Breakdown
Residential
4,418
Single Family
4,312
Multi-Family
106
Businesses
280
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Listed by: SEAN MCDONOUGH • LPT REALTY LLC
Mls Name: LPRMLS
Mls ID: #749938