86 Pender RdSpring LakeNC28390
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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 Lake at 86 Pender Rd, Spring Lake, NC, 28390 listed at $288,000 pairs $2,248/mo rent with a $1,410/mo payment to leave $479/mo cash flow. Total monthly income runs $2,248/mo, and annual cash flow reaches $5,749/yr on $95,472 cash to close. Return on cash invested measures 25.93% in year one, and rental yield registers 9.37% at a $288,000 basis. Equity gained on principal adds $1,858/yr, and annual property appreciation at 5% supports $79,569 by year five. Five-year ROI tracks 135.12% and total cumulative return in cash totals $129,000. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,248/mo property income relative to a $1,410/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2005
10,018 sqft lot
$N/A/sqft
$160 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28390, Spring Lake, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,066 (100%) |
| Owner Occupied HU | 4,891 (44.2%) |
| Renter Occupied HU | 4,958 (44.8%) |
| Vacant Housing Units | 1,217 (11.0%) |
| Median Home Value | $271,254 |
| Average Home Value | $262,656 |
Housing Distribution
Address Breakdown
Residential
10,417
Single Family
8,619
Multi-Family
1,798
Businesses
619
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Listed by: Michelle Halaszynski • Ann Milton Realty
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10120890
Disclaimer: The MLS listing information displayed is deemed reliable, but is not guaranteed accurate by the MLS. Copyright 2025 Doorify MLS of North Carolina. All rights reserved.