102 Boyd Dr APT 3BFlat RockNC28731
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 Flat Rock at 102 Boyd Dr APT 3B, Flat Rock, NC, 28731 generates $1,812/mo in rent and, after a $1,136/mo payment, leaves $398/mo in cash flow. Total monthly income is $1,812/mo, and annual cash flow is $4,771/yr on $76,908 invested. Return on cash invested sits at 26.11% in year one, and rental yield is 9.37% on a $232,000 entry. Equity gained on principal adds $1,497/yr, while 5% annual appreciation builds toward $64,097 over five years. Five-year ROI reaches 135.99% and total cumulative return in cash sums $104,591. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,812/mo property income rather than buyer’s personal income.
Condo
Built in 1966
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28731, Flat Rock, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,837 (100%) |
| Owner Occupied HU | 3,286 (67.9%) |
| Renter Occupied HU | 759 (15.7%) |
| Vacant Housing Units | 792 (16.4%) |
| Median Home Value | $426,195 |
| Average Home Value | $467,902 |
Housing Distribution
Address Breakdown
Residential
4,517
Single Family
4,376
Multi-Family
141
Businesses
351
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Hilary Paradise • Town and Mountain Realty
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4291135