106 Chancery CtFlat 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
Rental property for sale in Flat Rock at 106 Chancery Ct, Flat Rock, NC, 28731 offers $3,422/mo rent that, after a $4,222/mo payment. Total monthly income is $3,422/mo. Return on cash invested measures 12.3% in year one, and rental yield stands at 4.76% at a $862,500 entry. Equity gained on principal adds $5,566/yr while 5% annual appreciation compounds into $238,293 by year five. Five-year ROI records 61.88% and total cumulative return in cash reaches $175,582. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,422/mo property income versus a $4,222/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2003
1.49 Acres 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: #4307379