LOT 1 Yadkin Ave NSpencerNC28159
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 Spencer at LOT 1 Yadkin Ave N, Spencer, NC, 28159 priced at $274,900 pairs $2,096/mo rent with $421/mo cash flow after a $1,346/mo payment. Total monthly income equals $2,096/mo, and annual cash flow comes to $5,053/yr on $91,129 invested. Return on cash invested is 25.45% in year one, and rental yield stands at 9.15% on a $274,900 basis. Equity gained on principal adds $1,774/yr, and 5% annual appreciation accumulates to $75,950 by year five. Five-year ROI measures 132.49% and total cumulative return in cash reaches $120,735. For financing, Ziffy Mortgage’s DSCR program evaluates $2,096/mo property income against a $1,346/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2025
0.22 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28159, Spencer, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,419 (100%) |
| Owner Occupied HU | 742 (52.3%) |
| Renter Occupied HU | 502 (35.4%) |
| Vacant Housing Units | 175 (12.3%) |
| Median Home Value | $187,342 |
| Average Home Value | $265,425 |
Housing Distribution
Address Breakdown
Residential
1,297
Single Family
1,289
Multi-Family
8
Businesses
128
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: MaShanna Ball • CEDAR REALTY LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4317958