124 Blue Ridge DrRutherfordtonNC28139
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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
Investment property for sale in Rutherfordton at 124 Blue Ridge Dr, Rutherfordton, NC, 28139 listed at $384,900 pairs $2,723/mo rent with a $1,884/mo payment to leave $377/mo cash flow. Total monthly income runs $2,723/mo, and annual cash flow reaches $4,525/yr on $127,594 cash to close. Return on cash invested measures 23.46% in year one, and rental yield registers 8.49% at a $384,900 basis. Equity gained on principal adds $2,484/yr, and annual property appreciation at 5% supports $106,341 by year five. Five-year ROI tracks 121.77% and total cumulative return in cash totals $155,367. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,723/mo property income relative to a $1,884/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1985
3.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 28139, Rutherfordton, NC area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,955 (100%) |
| Owner Occupied HU | 5,924 (66.2%) |
| Renter Occupied HU | 1,770 (19.8%) |
| Vacant Housing Units | 1,261 (14.1%) |
| Median Home Value | $272,538 |
| Average Home Value | $321,303 |
Housing Distribution
Address Breakdown
Residential
8,628
Single Family
8,517
Multi-Family
111
Businesses
633
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Listed by: David Brown • 4 Seasons Homes and Land, Inc
Mls Name: Canopy MLS as distributed by MLS GRID
Mls ID: #4279843