853 Spring Lake DrIron StationNC28080
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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 Iron Station at 853 Spring Lake Dr, Iron Station, NC, 28080 generates $1,914/mo in rent, after a $2,327/mo payment. Total monthly income is $1,914/mo. Return on cash invested sits at 12.42% in year one, and rental yield is 4.83% on a $475,383 entry. Equity gained on principal adds $3,068/yr, while 5% annual appreciation builds toward $131,340 over five years. Five-year ROI reaches 62.56% and total cumulative return in cash sums $98,587. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,914/mo property income rather than buyer’s personal income.
Home Type Unknown
Built in 2025
2.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28080, Iron Station, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,788 (100%) |
| Owner Occupied HU | 3,097 (81.8%) |
| Renter Occupied HU | 444 (11.7%) |
| Vacant Housing Units | 247 ( 6.5%) |
| Median Home Value | $304,094 |
| Average Home Value | $347,301 |
Housing Distribution
Address Breakdown
Residential
3,594
Single Family
3,594
Multi-Family
0
Businesses
95
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Listed by: N/A • N/A
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