111 Red Mountain RdRougemontNC27572
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 Rougemont at 111 Red Mountain Rd, Rougemont, NC, 27572 offers $1,024/mo rent that, after a $660/mo payment, leaves $202/mo cash flow. Total monthly income is $1,024/mo, and annual cash flow is $2,425/yr on $44,719 cash. Return on cash invested measures 25.33% in year one, and rental yield stands at 9.11% at a $134,900 entry. Equity gained on principal adds $870/yr while 5% annual appreciation compounds into $37,270 by year five. Five-year ROI records 131.9% and total cumulative return in cash reaches $58,985. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,024/mo property income versus a $660/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
0.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27572, Rougemont, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,857 (100%) |
| Owner Occupied HU | 2,326 (81.4%) |
| Renter Occupied HU | 379 (13.3%) |
| Vacant Housing Units | 152 ( 5.3%) |
| Median Home Value | $366,377 |
| Average Home Value | $425,469 |
Housing Distribution
Address Breakdown
Residential
2,993
Single Family
2,993
Multi-Family
0
Businesses
89
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Listed by: Fritz Hine • Coldwell Banker HPW
Mls Name: Doorify MLS
Mls ID: #10110164