705 E Spruce StGoldsboroNC27530
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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 Goldsboro at 705 E Spruce St, Goldsboro, NC, 27530 offers $1,822/mo rent that, after a $2,056/mo payment. Total monthly income is $1,822/mo. Return on cash invested measures 13.55% in year one, and rental yield stands at 5.21% at a $420,000 entry. Equity gained on principal adds $2,710/yr while 5% annual appreciation compounds into $116,038 by year five. Five-year ROI records 68.6% and total cumulative return in cash reaches $95,515. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,822/mo property income versus a $2,056/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Multi Family
Built in 2025
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27530, Goldsboro, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 17,304 (100%) |
| Owner Occupied HU | 8,691 (50.2%) |
| Renter Occupied HU | 6,048 (35.0%) |
| Vacant Housing Units | 2,565 (14.8%) |
| Median Home Value | $225,861 |
| Average Home Value | $238,658 |
Housing Distribution
Address Breakdown
Residential
16,322
Single Family
16,165
Multi-Family
157
Businesses
1,241
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Listed by: Leo Murphy • Movil Realty
Mls Name: Doorify MLS
Mls ID: #10142924