75 Springwood LnFranklintonNC27525
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 Franklinton at 75 Springwood Ln, Franklinton, NC, 27525 priced at $299,000 converts $1,194/mo rent into after a $1,463/mo obligation. Total monthly income equals $1,194/mo. Return on cash invested prints 10.8% in year one, and rental yield reads 4.79% against a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,608 by year five. Five-year ROI reaches 54.43% and total cumulative return in cash sums $53,950. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,194/mo property income covering a $1,463/mo payment, not borrower’s personal income.
Single Family
Built in 2023
7,840 sqft lot
$N/A/sqft
$125 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27525, Franklinton, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,436 (100%) |
| Owner Occupied HU | 6,513 (77.2%) |
| Renter Occupied HU | 1,460 (17.3%) |
| Vacant Housing Units | 463 ( 5.5%) |
| Median Home Value | $299,711 |
| Average Home Value | $319,419 |
Housing Distribution
Address Breakdown
Residential
7,989
Single Family
7,893
Multi-Family
96
Businesses
271
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Nearby investment properties with comparable prices
Listed by: Mike Rowe • RE/MAX Reliance
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10097050
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