INNOVATE Real Estate
01-1516 Cypress Dr [3311738]_08222026_03 - 1516 Cypress Drive, Henderson, NC 27536
08-1516 Cypress Dr [3311738]_08222026_08 - 1516 Cypress Drive, Henderson, NC 27536
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30-1516 Cypress Dr [3311738]_08222026_30 - 1516 Cypress Drive, Henderson, NC 27536
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39-measurement - 1516 Cypress Drive, Henderson, NC 27536
20 photos

$253,000

1516 Cypress Drive, Henderson, NC 27536
Henderson, NC 27536
Listed by Peter Cheng · Southern Properties Group Inc.
Bedrooms
3
Bathrooms
2
Living area
N/A
Year built
1951

About this home

Seller financing ok. A rare opportunity for all landlords! Seller financing available. This turnkey brick ranch home with an unfinished basement has quality tenant already placed. Tenant is Nursing Manager in a senior living community. Immediate rare to find cash flow for landlord investors and built-in equity from day one! Currently rented for $1,825/month. One year lease that expires on 6/30/2027, but tenants intend to stay long term. Located in a quiet, established neighborhood near Henderson Country Club, the home has benefited from numerous recent improvements. One-year Platinum Home Warranty is included. Property has numerous new items done: Electrical Panel by licensed electrician, Furnace by licensed HVAC company, Water Heater by licensed plumber, Refrigerator, Microwave, Washer, Dryer, Ceiling fans. Buy below market value, collect rent from day one, and add a well-improved property with built-in equity to your portfolio. Finish the basement yourself and further significantly enhance your return. Seller will provide a 1-year Old Republic Platinum Home Warranty, offering additional protection and peace of mind for the new owner. Schedule your showing today.

Highlights

Fireplace

Property details

MLS
Doorify MLS
MLS #
10191143
Property type
Single Family Residence
Subdivision
Not in a Subdivision
Status
Active
Days on market
42
On market date
September 7, 2026
Stories
N/A
Total bathrooms
2
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.46 acres

Location

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Nearby schools

Within 10 miles. School directory data from the National Center for Education Statistics (NCES), accessed via the Urban Institute Education Data API. Local Score is calculated by INNOVATE Real Estate; where a state rating is shown, it comes from that state's own official school report card.

Elementary
E M Rollins Elementary
0.49 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
3.0
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
336
Student:teacher ratio
16.0:1
District
Vance County Schools
Middle
STEM Early High
1.41 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
2.7
Local Score (state rating (2025) blended 70/30 with student-teacher ratio) -- not an official state rating
State rating: C (2025)
Enrollment
256
Student:teacher ratio
21.3:1
District
Vance County Schools
High
AdVance Academy
1.41 mi away · Grades 6-12
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
193
Student:teacher ratio
14.8:1
District
Vance County Schools

Walkability

Blended score for Henderson's center, calculated by INNOVATE Real Estate from two sources: the EPA's National Walkability Index (street network, transit, land-use mix) and Google Places amenity data (what's actually reachable on foot from this point). 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

54
Somewhat walkable
out of 100
EPA National Walkability Index
7.7 / 20 -- Below average walkable
Google Places amenity density
78 / 100
Restaurants & cafes20
Grocery stores7
Parks1
Schools2
Transit stops1
Pharmacies5

Market position

How this listing compares to current activity in Henderson, from live MLS data.

On the market 42 days -- 74 fewer days than Henderson's current average of 116 days.
For reference, the median list price across 217 active listings in Henderson right now is $199,900.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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Adjust tax / insurance estimates
% / yr
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Est. monthly payment
$1,674/mo
$50,600 down
$202,400 loan
Principal & interest$1,313
Property tax (est.)$211
Home insurance (est.)$150

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Data source: Listing information provided by Doorify MLS via Trestle/CoreLogic. Last updated 18 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.