102 Boyd Dr APT 7AFlat RockNC28731
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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 Flat Rock at 102 Boyd Dr APT 7A, Flat Rock, NC, 28731 uses $72,599 cash to close to unlock $1,526/yr annual cash flow and $127/mo monthly cash flow. Total monthly income runs $1,462/mo, and a $1,072/mo payment keeps the spread at $127/mo. Purchase price stands at $219,000, and rental yield measures 8.01% with $1,462/mo rent. Return on cash invested shows 22.01% in year one, and 5% annual appreciation builds toward $60,506 over five years. Five-year ROI reaches 114.05% and total cumulative return in cash records $82,797. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,462/mo property income covering a $1,072/mo payment rather than investor’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
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Listed by: Art Redden • Kenmure 12 Broker LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4280790