1143 Nc Highway 343 NSouth MillsNC27976
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew South Mills rentals match the income profile of 1143 Nc Highway 343 N, South Mills, NC, 27976. Listed at $170,000, gross rent is $1,802/mo and net cash flow is $766/mo, a 12.72% yield well above national averages. DSCR 2.36 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $46,968 by year five with $1,566/yr in annual principal reduction, projecting $113,700 in total cumulative return.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 12.7% | 6.2% |
| Monthly Cash Flow | $766 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,802 |
| Total Monthly Debt Service | $968 |
| DSCR Ratio | 1.86x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1940
0.69 Acres 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
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
Single Family
Built in 1940
0.69 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices