123 Cove PointMount GileadNC27306
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayInvestment property for sale in Mount Gilead at 123 Cove Point, Mount Gilead, NC, 27306 projects strong ROI of -1.45%. Rental yield 0.5%. With 5% annual appreciation, the property builds $3,577,846 in value over five years. Equity growth combined delivers a projected five-year ROI of 4.83%, translating into $176,762 in total cumulative return on $3,658,375 invested capital. You can finance this property with Ziffy Mortgage’s DSCR loan, which leverages the property’s income for qualification rather than your personal income.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 0.5% | 6.2% |
| Monthly Cash Flow | $(73,590) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $5,448 |
| Total Monthly Debt Service | $73,771 |
| DSCR Ratio | 0.07x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 2024
0.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27306, Mount Gilead, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,183 (100%) |
| Owner Occupied HU | 1,860 (44.5%) |
| Renter Occupied HU | 532 (12.7%) |
| Vacant Housing Units | 1,791 (42.8%) |
| Median Home Value | $218,675 |
| Average Home Value | $354,570 |
Housing Distribution
Address Breakdown
Residential
2,837
Single Family
2,837
Multi-Family
0
Businesses
143
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
No similar price properties found nearby.
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 2024
0.54 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 27306, Mount Gilead, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,183 (100%) |
| Owner Occupied HU | 1,860 (44.5%) |
| Renter Occupied HU | 532 (12.7%) |
| Vacant Housing Units | 1,791 (42.8%) |
| Median Home Value | $218,675 |
| Average Home Value | $354,570 |
Housing Distribution
Address Breakdown
Residential
2,837
Single Family
2,837
Multi-Family
0
Businesses
143
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
No similar price properties found nearby.
Listed by: N/A • N/A
Mls Name: Canopy MLS as distributed by MLS GRID
Mls Provider:
Mls ID: #4408189