120 Wolf Pen Cove RdBrevardNC28712
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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 Brevard at 120 Wolf Pen Cove Rd, Brevard, NC, 28712 offers $2,341/mo rent that, after a $1,640/mo payment, leaves $299/mo cash flow. Total monthly income is $2,341/mo, and annual cash flow is $3,588/yr on $111,053 cash. Return on cash invested measures 23.14% in year one, and rental yield stands at 8.39% at a $335,000 entry. Equity gained on principal adds $2,162/yr while 5% annual appreciation compounds into $92,554 by year five. Five-year ROI records 120.04% and total cumulative return in cash reaches $133,304. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,341/mo property income versus a $1,640/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1974
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28712, Brevard, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,972 (100%) |
| Owner Occupied HU | 6,128 (55.9%) |
| Renter Occupied HU | 2,563 (23.4%) |
| Vacant Housing Units | 2,281 (20.8%) |
| Median Home Value | $411,050 |
| Average Home Value | $463,834 |
Housing Distribution
Address Breakdown
Residential
9,750
Single Family
9,493
Multi-Family
257
Businesses
926
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Nearby investment properties with comparable prices
Listed by: Joanna Baker • Patton Allen Real Estate LLC
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4297902