103 Jasmine CtSouth MillsNC27976
Nearby investment properties with comparable rents
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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
Rental property for sale in South Mills at 103 Jasmine Ct, South Mills, NC, 27976 priced at $391,615 converts $3,192/mo rent into $805/mo cash flow after a $1,917/mo obligation. Total monthly income equals $3,192/mo, and annual cash flow totals $9,661/yr on $129,820 invested. Return on cash invested prints 27.35% in year one, and rental yield reads 9.78% against a $391,615 entry. Equity gained on principal adds $2,527/yr, while 5% annual appreciation compiles into $108,196 by year five. Five-year ROI reaches 142.66% and total cumulative return in cash sums $185,195. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,192/mo property income covering a $1,917/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27976, South Mills, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,672 (100%) |
| Owner Occupied HU | 1,372 (82.1%) |
| Renter Occupied HU | 233 (13.9%) |
| Vacant Housing Units | 67 ( 4.0%) |
| Median Home Value | $343,229 |
| Average Home Value | $360,955 |
Housing Distribution
Address Breakdown
Residential
1,432
Single Family
1,432
Multi-Family
0
Businesses
43
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Listed by: Terri Stickle • BHHS RW Towne Realty
Mls Name: REIN Inc.
Mls ID: #10605567