8820 Melvin St #16Willow SpringsNC27592
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
Investment property for sale in Willow Springs at 8820 Melvin St #16, Willow Springs, NC, 27592 earns from $2,182/mo rent with a $2,813/mo payment. Total monthly income totals $2,182/mo. ROI tracks 11.17% on current figures, and rental yield reads 4.56% at a $574,700 purchase. Equity gained on principal adds $3,708/yr, and 5% annual appreciation supports $158,779 over five years. Five-year ROI reaches 56.02% and total cumulative return in cash sums $105,913. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,182/mo property income instead of your personal income.
Single Family
Built in 2024
0.58 Acres lot
$N/A/sqft
$80 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27592, Willow Spring, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,263 (100%) |
| Owner Occupied HU | 6,096 (83.9%) |
| Renter Occupied HU | 987 (13.6%) |
| Vacant Housing Units | 180 ( 2.5%) |
| Median Home Value | $414,593 |
| Average Home Value | $461,574 |
Housing Distribution
Address Breakdown
Residential
7,214
Single Family
7,214
Multi-Family
0
Businesses
191
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Nearby investment properties with comparable prices
Listed by: Erin Salmons • New Home Inc LLC
Mls Name: Doorify MLS
Mls Provider:
Mls ID: #10042388
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