119 RhododenronToptonNC28781
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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 Topton at 119 Rhododenron, Topton, NC, 28781 offers $2,171/mo rent that, after a $3,181/mo payment. Total monthly income is $2,171/mo. Return on cash invested measures 9.74% in year one, and rental yield stands at 4.01% at a $649,900 entry. Equity gained on principal adds $4,194/yr while 5% annual appreciation compounds into $179,555 by year five. Five-year ROI records 48.24% and total cumulative return in cash reaches $103,146. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,171/mo property income versus a $3,181/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1986
0.70 Acres lot
$N/A/sqft
$594 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28781, Topton, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,008 (100%) |
| Owner Occupied HU | 313 (31.1%) |
| Renter Occupied HU | 63 ( 6.2%) |
| Vacant Housing Units | 632 (62.7%) |
| Median Home Value | $316,071 |
| Average Home Value | $356,669 |
Housing Distribution
Address Breakdown
Residential
671
Single Family
611
Multi-Family
60
Businesses
28
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Nearby investment properties with comparable prices
Listed by: Kristine Flaig • Nantahala Real Estate
Mls Name: Mountain Lakes BOR
Mls Provider:
Mls ID: #147383
Disclaimer: Copyright Mountain Lakes Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.