115 Cold Springs DrMill SpringNC28756
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 115 Cold Springs Dr, Mill Spring, NC, 28756 in Mill Spring hard to pass up. The 15.81% gross yield on a $125,000 purchase results in $1,646/mo in rent and $885/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.93). Annual cash flow of $10,615, five-year appreciation of $34,535, and $1,151/yr in equity build-up combine for a projected total cumulative return of $104,251.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 15.8% | 6.2% |
| Monthly Cash Flow | $885 | $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 | $1,646 |
| Total Monthly Debt Service | $712 |
| DSCR Ratio | 2.31x |
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.
Manufactured
Built in 2008
0.78 Acres lot
$N/A/sqft
No HOA
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
Manufactured
Built in 2008
0.78 Acres lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A