103 Southshore Drive #A1TuckasegeeNC28783
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 Tuckasegee at 103 Southshore Drive #A1, Tuckasegee, NC, 28783 offers $2,509/mo rent that, after a $2,398/mo payment. Total monthly income is $2,509/mo. Return on cash invested measures 5.01% in year one, and rental yield stands at 6.14% at a $490,000 entry. Equity gained on principal adds $3,162/yr while 5% annual appreciation compounds into $135,378 by year five. Five-year ROI records 26.93% and total cumulative return in cash reaches $43,740. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,509/mo property income versus a $2,398/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2006
N/A lot
$N/A/sqft
$1,540 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28783, Tuckasegee, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,253 (100%) |
| Owner Occupied HU | 561 (44.8%) |
| Renter Occupied HU | 137 (10.9%) |
| Vacant Housing Units | 555 (44.3%) |
| Median Home Value | $293,182 |
| Average Home Value | $346,849 |
Housing Distribution
Address Breakdown
Residential
521
Single Family
521
Multi-Family
0
Businesses
37
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Nearby investment properties with comparable prices
Listed by: April Bryant • BLR Realty LLC
Mls Name: HCMLS
Mls ID: #1000309
Disclaimer: Copyright Highlands-Cashiers Board of REALTORS. All rights reserved. Information is deemed reliable but not guaranteed.